How to Cancel Your Car Insurance — And What NJ Drivers Should Consider

Since you’re here, you’re probably a New Jersey driver who wants to know how to cancel your car insurance policy. No problem — we get it. Lots of people need to cancel their insurance for one reason or another (moving to a new state, getting rid of your car, hunting for a better deal, etc.). No hard feelings on our end.

But before you do anything, you should know a few important things.

  1. You are allowed to change your insurance coverages and limits at any time — even if it’s not close to your renewal.
  2. In New Jersey (and other states), you’re entitled to a refund of the unused portion of your paid premium when you cancel your policy.
  3. Make sure you stay continuously insured. Don’t cancel before you have new coverage in place. Gaps in your coverage history may cause some problems (and potentially higher prices) when you get new insurance.
  4. Having insurance for your car is mandatory in New Jersey – it’s illegal to drive your car without a minimum level of insurance.

Whether you’re shopping around, looking for a great deal, or just switching things up, there are other important questions to ask yourself if you’re thinking about canceling your insurance. Figuring out the answers could help you save money and keep you protected with an adequate level of insurance.

Why Did My Rate Go Up?

Your life is constantly changing and some of those changes may affect the cost of your insurance.

Did you just buy a new car? If you financed your purchase or lease your car, you’ll oftentimes be required to add coverages that aren’t state-mandated, like comprehensive, collision and, sometimes, gap insurance. Plus, new cars are full of tech! Things like lane-departure monitors, sensors and collision avoidance systems are way more expensive to replace than the metal bumper on your old jalopy. In addition to adding coverages, significantly lowering your deductible can also raise your price.

Get a speeding ticket on your way to work? Your driving history is a critical part of the price you pay for insurance. Safer drivers tend to pay less than risky drivers. You may be able to somewhat offset the effect of a ticket by taking a state-approved defensive driving course. Plymouth Rock offers a discount for drivers who have successfully passed one.

And FYI – these excuses probably won’t get you out of a speeding ticket:

  • My new haircut just makes me look fast.
  • I thought you wanted to race.
  • I was trying to go back in time.

Recently married? New driver in your house? Newlyweds who combined their insurance or parents who’ve recently added a young driver will certainly see changes to their overall premium. If you’re in the first camp, think about bundling your policies once you get back from your honeymoon – adding a renters or homeowners policy with the same company can help you save. Parents: if your child is a good student (B or better average), all you need to do is send us a copy of their latest report card for a discount!

The list goes on. If you’re wondering why your premium has gone up, start thinking about recent life changes or other events. There could be something there that explains your situation.

Coming up empty? Your local agent or Plymouth Rock insurance professional will be more than happy to help you re-evaluate your coverage to help you save money. Give us a call.

Do You Use This Option for Huge Savings?

You can save up to 25% on the personal injury protection portion of your premium by using the Health Care Primary (HCP) option – that’s 25% on each insured vehicle.

Here’s how it works: since you already have health insurance, you can choose to have it be your primary source of your medical care if you’re injured in a car accident. The HCP option allows you to use your regular doctors and follow familiar processes and procedures if you’re injured in a car accident.

And with Plymouth Rock, the HCP option is almost always a seamless change! In fact, the only differences you’re likely to notice are good ones – like saving on your insurance bill. Learn more about Health Care Primary.

Are You Comparing Apples to Oranges?

If you’re shopping around, you’ll want to make sure you’re getting exactly the same coverage. Look sharp when you’re quoting – many companies will set default coverage levels that may not be the same (or even lower) than what you have now.

It’s entirely possible the new insurance you just quoted is for much less coverage. So, are you really saving if you have to pay more later? Read more about comparing policies, or learn more about lowering your insurance costs.

You’ll also want to consider all of the benefits you have right now, which are baked into your coverage at no extra cost and can make your life significantly easier. They include:

  • Get Home Safe® taxi ride reimbursement
  • Door to Door Valet Claims Service®
  • Guaranteed repairs
  • Crashbusters® mobile claims service

Call us to Cancel Your Insurance

Before you move on to an insurer you don’t know, give us a call to chat about your insurance. We’ll do a full review of your account and look for ways to make you happy. If you still want to cancel, we can take care of that for you, too.