As a driver, you’re always on the lookout for a good deal on car insurance.
After all, you have plenty of options on the car insurance market, —so springing for a robust and affordable policy is just a no-brainer.
When you search car insurance quotes and find a good, new deal, you probably have one thing on your mind: canceling your current car insurance policy. But when canceling your Farmers insurance policy, you’ll want to make sure you hit every step in the process. After all, you don’t want to be driving around without car insurance, as a lapse in coverage can lead to higher car insurance premiums in the future.
When you’re ready to change car insurance policies, you want the process to be simple. That’s why Insurify takes the hassle out of car insurance shopping by making it easy to compare free quotes side by side from a variety of car insurance companies. In no time, you’ll be able to find auto insurance that works for your needs and budget.
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At a Glance: What is Farmers’ cancellation policy?
Overall, Farmers makes it pretty easy to cancel your car insurance policy. You simply need to call the company phone number at 1 (888) 327-6335 and speak to an insurance agent. They’ll walk you through the process of canceling—though keep in mind they might try to convince you to keep your policy. If you’re confident in your decision, remain firm and continue with your cancellation request.
The Farmers website does not make clear what sort of cancellation fee you might be facing, though some former customers complain of a fee around $50. Be sure to speak to a Farmers agent before you cancel your insurance coverage so that you can get a clear picture of what sort of fees you might face—and don’t be afraid to ask questions.
Step 1: Look up your renewal date.
Chances are you don’t know your insurance renewal date off the top of your head. But it’s an important date to have in mind when you go to cancel your car insurance. In general, it’s better to cancel your policy closer to your renewal date because it cuts down on the possibility of paying for overlapping coverage. And if you pay your car insurance monthly, you might be able to get refunded on the payment you made earlier in the month once you cancel.
To figure out your renewal date, simply call your Farmers Insurance agent and provide your policy number. They’ll be able to inform you of your renewal date. And remember: a gap in coverage can reflect poorly on you as a driver, so it’s okay if your policies overlap by a few days. It’s better than the alternative of driving without insurance for a few days.
Step 2: Compare car insurance quotes.
You never want a lapse in coverage. In fact, most state laws won’t allow it. So it’s important to be actively shopping for car insurance as you consider canceling your Farmers car insurance. The key to informed car insurance shopping? Quote comparison! This lets you compare rates on similar insurance products across different companies, zeroing in on the best value.
Insurify makes quote comparison a breeze. Simply answer some basic questions about your driving history and vehicle information, and Insurify will show you insurance rates from a wide array of auto insurance companies. Insurify will even factor in any available discounts to help you get the cheapest quotes available.
Step 3: Think about why you’re leaving Farmers.
As you compare prices and consider new car insurance options, take stock of why you’re leaving Farmers Insurance. For most policyholders, price is a key factor in leaving their current car insurance provider. You might have gotten Farmers Insurance at a time when you were more financially stable, but now you need to find a more budget-friendly option. That’s perfectly fine. Or maybe you plan on driving more, so you’re looking for more robust car insurance and aren’t worried about higher premiums.
In general, Farmers insurance boasts pretty high customer satisfaction ratings and a customer-friendly claims service. They also offer a wide range of insurance products, like umbrella insurance, their telematics program Signal, and valuable student discounts. But one thing that they don’t make very clear on their website is the ability to bundle your auto insurance with Farmers Insurance’s homeowners insurance or life insurance products. Maybe you’re looking for a car insurance company that offers sizable bundling discounts so that you can do all your business with one company while saving big. If so, it might be time to switch.
It’s important to know why you’re leaving Farmers Insurance so that you can shop smart. Knowing your current company’s shortcomings helps you know what to avoid as you seek out a new car insurance provider.
Step 4: Enroll in a new car insurance policy.
Once you’ve settled on a new car insurance company, it’s time to enroll. And yes, we know what you’re thinking: “I still haven’t canceled my existing policy at Farmers!” That’s because it’s recommended that you start your new policy before canceling your existing one. When it comes to car insurance, continuous coverage is key. Opting for new insurance before canceling your old policy guarantees you avoid a lapse in coverage.
After doing your research on Insurify and finding the best policy for your financial situation, driving habits, and lifestyle, it’s time to enroll.
Reach out to your new car insurance company either over the phone or online and provide them with any necessary information. You’ll need to give them your name, date of birth, details about your vehicle, your desired effective date, and your credit card information if you’re looking to set up automatic payments. Additionally, you may need to provide your credit score and information about any at-fault accidents you’ve had in the past so that they can generate an insurance rate for you.
Step 5: Cancel your Farmers policy.
Once your new car insurance policy is intact and ready to go, it’s time to cancel your Farmers insurance policy. The best way to get in touch with Farmers about canceling is to call their company phone number at 1 (888) 327-6335. You can also get in touch with them by mail and send your cancellation request to:
Farmers Customer Service
6301 Owensmouth Avenue
Woodland Hills, CA 91367
Or you can go to a Farmers Insurance office in person and speak to a local agent about canceling. Farmers’ popular mobile app will give you more information about how you can cancel your Farmers Insurance policy, as will farmers.com.
Whenever you go to cancel your car insurance, there’s a possibility that the insurance agent will encourage you to stay. In fact, they might even offer you a lower price if you agree to continue your policy with Farmers. In that case, it’s time to decide: do you stick with your Farmers auto insurance and their reduced price, or do you continue with your new auto insurance policy?
If you’ve already enrolled in the new policy, it’s probably best to stick with that for now. But always remember that reaching out about canceling your policy is a good negotiation strategy. It can convince an insurance company to offer a better value if they think it’ll win your loyalty.
Step 6: Follow up on your refund.
Earlier on, we told you that canceling your car insurance policy near the renewal date is a good idea. That’s because doing so might earn you a refund of your remaining car insurance coverage. Any unused premium can be repaid to you in a matter of weeks after your policy terminates.
Speak to your Farmers insurance agent for more details about your refund. And to ensure your refund is actually paid to you, make sure to follow up with your agent. It may take a few weeks for your refund to process. Keeping in close contact with your agent is the best way to make sure your refund is on its way to your bank account.
Farmers Car Insurance Cancellation: Quick Questions
What should I do before canceling my car insurance with Farmers?
Before you cancel your Farmers auto insurance, check your renewal date, and time your cancellation so that it’s close to that date. Additionally, shop for other car insurance so you know what your new policy will be, and consider enrolling in this new insurance policy before your Farmers policy terminates.
Does Farmers charge a cancellation fee?
Farmers’ website isn’t very clear about their cancellation fee. Some reviewers mention that there is a cancellation fee of about $50. Speak with your Farmers Insurance agent to get a better idea of any penalties you might face after canceling.
Where can I find new car insurance once I’ve decided to cancel my Farmers policy?
To find new car insurance, you’re going to want to compare quotes with Insurify. First, answer a few questions about your vehicle and your driving history, and then you can quickly compare quotes from major industry giants like GEICO and State Farm or smaller regional car insurance companies. Once you compare quotes and coverages, you can pick the plan that works best for your budget.
Browse, Compare, Discover with Insurify today.