Hello, 23M here living in Florida, I received a speeding ticket about 3 years ago and because of it I now pay $300/mo in car insurance. I used Jerry to compare rates and now it looks like I can get identical coverage with Geico and a few others for about $90/mo because it’s been 3 years now. My current carrier is robbing me blind and I’d love to drop them but could I face legal ramifications for just picking up a new policy with a different carrier? I still owe about $1000.
Can I switch car insurance carriers even though I still owe on my policy?
byu/therealcheesybread inInsurance
Posted by therealcheesybread
2 Comments
No. Get the new policy bound before cancelling the current one. You’ll get a prorated refund.
Before you make any switches, make sure whatever company you’re leaning towards has run your MVR and CLUE reports. If you got quotes that didn’t reflect your ticket and any other tickets/accidents, you could be in a for a nasty surprise.
Also, don’t cancel your current policy until your new one is active. Florida is ultra strict on constant insurance for a registered vehicle- they aren’t hesitant to fine you and/or suspend your license/registration.