Cancellation notice for State Farm



Results 1 to 5 of 5

Thread: Cancellation notice for State Farm

  1. #1
    Katatonic's Avatar
    Join Date
    May 2007
    Location
    Guelph
    Posts
    1,743

    Cancellation notice for State Farm

    I've tried searching here, google.....I'm stumped.

    I've got a policy with State Farm for 2 cars, house and bike. All of them have different re-newel dates......so is it 4 different policies?
    Also, I've gotten a quote from another insurance company that is over $1,300/year cheaper which I would like to switch to.
    Does State Farm have a cancellation fee? Will I be charged this fee 4 different times for each of the policies? (If I do have 4 separate policies...)
    Does State Farm need a certain amount of notice (ie 30 days, 45 days...) for cancellation?

    I've called the State Farm office I deal with and was told by the girl who answered the phone that all they need is a letter stating the date I wish to have the coverage stopped, but she didn't mention anything about any fees. Will I be horribly surprised?


    Cheers
    Canada is a country that doesn't know where it is going but is determined to set a speed record getting there.

  2. #2
    jeffjones's Avatar
    Join Date
    Jul 2011
    Location
    Kitchener
    Posts
    1,485

    Re: Cancellation notice for State Farm

    Fee's should only apply to your bike in which there is a sticky at the top of this section and you can work out if you owe money or will receive some back. You can cancel insurance anytime for car or house with no penalty from what they told me when I asked about adding a winter beater.
    2001 CBR F4i


    " they say at 100mph water feels like concrete ,so you can imagine what concrete feels like " - Nicky Hayden

  3. #3
    Katatonic's Avatar
    Join Date
    May 2007
    Location
    Guelph
    Posts
    1,743

    Re: Cancellation notice for State Farm

    Quote Originally Posted by jeffjones View Post
    Fee's should only apply to your bike in which there is a sticky at the top of this section and you can work out if you owe money or will receive some back. You can cancel insurance anytime for car or house with no penalty from what they told me when I asked about adding a winter beater.
    Thanks Jeff.
    I knew about the bike....I should have mentioned that. My re-newel date for the bike is April, so I still owe them money on that.... It was the rest of the stuff I wasn't sure about.
    Canada is a country that doesn't know where it is going but is determined to set a speed record getting there.

  4. #4
    VifferFun's Avatar
    Join Date
    Jul 2008
    Location
    West of Toronto
    Posts
    7,486

    Re: Cancellation notice for State Farm

    You are best off giving your agent a specific cancellation date, and asking them what your amount owing would be should you decide to cancel.
    I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)

    Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.

    Current: 2001 Suzuki GSXR1000 (4th Season)
    Previous: 1996 Honda VFR750F (4 Seasons)
    Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)

  5. #5
    Scuba Steve's Avatar
    Join Date
    Jun 2008
    Location
    Waterloo
    Posts
    1,350

    Re: Cancellation notice for State Farm

    I usually switch at the renewal date if it is not too far off then it is clear and easy.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •