by Guest » Wed Feb 25, 2009 09:57 pm
I cancelled my auto policy with Allstate back in October. They are still trying to bill me! They are now telling me that I need to provide them with a copy of my new policy before they will officially cancel my old policy (and issue me a refund). I'm in Texas. Has anyone ever heard of this before? I feel like since I cancelled my policy with Allstate - that's all they need to know. Who my current insurance company is is none of their business.
Posted: Sat Aug 28, 2010 06:20 pm Post Subject: too high rates
cant afford so want to cancel the policy and the remaining of my last payment refunded
Posted: Sun Aug 29, 2010 03:09 pm Post Subject:
Won't happen the way you think. You are free to cancel your insurance any time -- no premium slavery in America. But your contract probably does not allow you receive a full refund of "unearned premium", rather, you might be entitled to a "short rate" refund.
Most companies charge $50 or $75 as a mid-term cancellation fee. Some charge as much as one month's premium. So if you have at least that much in unearned premium remaining, it will be taken by the insurance company as an early exit penalty. Only the balance of unearned premium is refunded.
Be sure you have new insurance in force before you cancel existing coverage. A gap of just one day could be one day long enough to have a collision, kill or injure someone, or do $100,000 of property damage.
Posted: Wed Sep 01, 2010 02:45 pm Post Subject:
this is a two part question:
1. true, you can simply call in to request the cancellation, but most of agents will require you to at least sign something due to liabilities. ie, agent cancels policy based on your phone call and you get in a wreck and change your mind, the agent has to document you cancelled or be open to being sued. thus the reason for the request. the way around that is to show you have coverage else where, that way the company knows youre' ok.
2. backdating the cancellation to get you a refund: if you have been billed, you have also been covered...so you owe the money. but if you show you have had duplicate coverage, they can simply backdate the endoresment and credit you. they just need something to document that you were covered, otherwise we would all call in to get a refund if we didnt have a wreck during the policy period, right? documentation, it's the world we live in. dont take it personally, its CYA.
Posted: Wed Nov 03, 2010 05:40 pm Post Subject:
allstate? that's one bad insurance company! well my agent is one big liar and the executive agent i deal with doesn't even know anything. they charged me $306 for 1 month service for 2 old ass cars (92' and '98) while i'm paying around $200 for the same cars with my current insurance company. You need to get away from Allstate asap!
Posted: Thu Nov 04, 2010 02:31 pm Post Subject:
they charged me $306 for 1 month service for 2 old ass cars
And who paid them for the privilege? How big was the gun they held to your head?
According to Forrest Gump's mother, "Stewpid is as stewpid does."
Posted: Thu Nov 04, 2010 09:00 pm Post Subject:
Can Allstate charge me for another month if i cancel my policy now?? Allstate charges me 190 monthly :? for 1 car with full coverage, new company quoted me 108 for myself, added my boyfriend and his car (in my name too)!!! that is a HUGE difference...For just me, i would have saved over 100 dollars! Allstate is overpriced, and needless to say, overrated!
Back on topic, i want to cancel allstate and go with this new company, but my mom got charged again for a month when she cancelled..but i prepay monthly, so can they do that????
Posted: Wed Nov 10, 2010 03:38 pm Post Subject:
if you pay ahead, they shouldnt charge you another month. you only pay for the time you are insured. they may bill ahead, but will credit the account once the system updates the date that you cancelled.
rates are based on a lot of factors, credit, insurance history, claims, age, driving record, the companies profitablity in a certain area, and more....like anything else it pays to shop around. different companies rates based on their profitablity and are most competitive in their target market. they may be very competitive in one area, not so in another...and for a reason. also, you may can see if your allstate agent can rewrite the policy, you may now qualify for a better rate. also make sure to compare apples to apples coverage wise..usually a very good reason when rates are that far apart.
Allstate is a good company. Granted, they have their issues, but trust me all companies do. No one company can be the cheapest, or there would be no competition. Ive either sold policies or worked claims with most of them. Typically the problems stem from bad or lack of communication between the customer and the company or agent. Understanding both sides of the issue goes a long way to a happy relationship. A good agent can walk you through and help you find the right company that fits your needs and your budget. Good luck to you :-)
Posted: Wed Nov 10, 2010 04:02 pm Post Subject:
If you fail to cancel, thinking your policy will lapse for non-payment of premium, which it EVENTUALLY will, most insurers are now making demands for earned premium for every day a policy was in effect to the actual cancellation date but a premium was not paid.
EXAMPLE: If your premium was due on the 1st, and you didn't pay, they put your policy into the grace period and notify you that your coverage will expire on the 11th. You don't pay, and your policy officially lapses for non-payment on the 11th. But they've extended coverage to you for 10 days, so you owe them 10/365 of the annual premium, plus any other charges they may be entitled to. If your annual premium was $1095, you would still owe them at least $30, and if you failed to pay, (1) they could report it to one or more of the credit bureaus, (2) they could take you to small claims court (or both 1 and 2), or (3) they could go away and leave you alone. It's their choice.
Posted: Thu Jan 20, 2011 03:52 am Post Subject: Backdating
I had cancelled my policy because of my car has not been drivable for a month now and cannot afford to fix it, so my question is: Can I have it backdated from the time my car has been inoperable? My insurance company was Progressive. Thanks in advance for any help.
Posted: Thu Jan 20, 2011 04:22 am Post Subject:
doubtful as you were covered during that time it was sitting the yard; doesnt matter that you werent using the car. if it was inoperable, you should have called in to cancel or suspend coverage temporarily until repaired or replaced. backdating would only apply if you sold the car or had insurance w/ another carrier. either events would need to be documented.
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