If I cancel my car insurance policy, do I have to pay the upcoming bill?

  • by Anon
  • Aug 15,2018
  • 14 answers

So, long story short GainsCo sucks and I'm moving from Florida to Texas. I've already got a new policy from Allstate. I went in to cancel my policy with GainsCo and they are telling me that I have to pay my upcoming bill (though it *should* be pro-rated) even though I am cancelling my policy. I've already received the bill but that bill does not pay for existing coverage, that bill pays for coverage of the next period and I do not want to be insured by GainsCo any longer.
If I choose to not pay GainsCo for this upcoming period (for which they told me will be pro-rated back to me) will I receive any sort of penalties or anything like that?


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Insurance Answers (14)

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STEVEN F 6 months ago

You should only pay premiums covering up to the date you inform them that you have other coverage in place. That said, I don't know if you are billed in advance or in arrears. It is POSSIBLE that part of the upcoming payment is for last month.

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amber 6 months ago

Don’t pay it

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Beverly S 6 months ago

They should not be charging you. Call them back & explain what they've done. Evidently they don't understand.

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Casey Y 6 months ago

There may end up being some earned premium, but if you already have another policy, don't pay.
If they fail to cancel the policy when you request it, report it to the state insurance commissioner....
https://www.floir.com/

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Uncle Pennybags 6 months ago

That's bull. You only pay through when you say you wanted it canceled. So if you canceled on August 1 or asked for it to be canceled on August 1, then they must refund you all money you've already paid for past that date.

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babyboomer1001 6 months ago

Don't pay it. They sound like an unethical company. You should be refunded prorated from the day after you cancelled. Make sure you have a record of the cancellation, either by an email confirmation or an agent name and the date & time you called and cancelled.

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StephenWeinstein 6 months ago

If you do not successfully cancel, for any reason, then you have to pay. If they don't let you cancel, then they have to make you pay.
You must either pay or cancel. If you can't do one, then you have to do the other.

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real estate guy 6 months ago

ask them to send you a prorated bill and then pay that.

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Eva 6 months ago

If you are paying your bill monthly, they are correct. If you pay annually and the bill you received is for the next policy period, you do not have it pay it.

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Flower 6 months ago

Read your policy regarding conditions for cancellation. They may be right but the major insurers just cancel you when you request it.

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72dolphins 6 months ago

Usually you have to pay just for the month that you are in

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curtisports2 6 months ago

What is the cancellation date and what is the effective date of the coverage they are asking payment for?

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Judy 6 months ago

no don't pay it.

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