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Switching Provider Car Insurance Discount

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Mar 2, 2021

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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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Key Takeaways

  • A switching providers car insurance discount gives saving to those who switch their policy from one company to another
  • All car insurance providers claim a different amount of savings for switching your policy to their company
  • To switch providers, you will need to be aware of cancellation penalties, know how to cancel your policy, and make sure that you don’t have a lapse in coverage

If you’re looking for cheap car insurance, you may have thought about switching insurance companies. This means you may qualify for a switching providers car insurance discount.

Read below to learn about the switching providers car insurance discount, how much you could save, and how to switch providers today.

Don’t forget to enter your ZIP code into our free quote comparison tool above to compare car insurance quotes from companies in your area.

What is a switching providers car insurance discount?

A switching providers car insurance discount offers savings to individuals who switch their car insurance policies from one provider to another.

This discount is offered by some of the top car insurance companies, while others just give basic statements about how much you can save if you switch to their company.

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Enter your zip code below to view companies that have cheap auto insurance rates.

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How much can I save with a switching providers car insurance discount?

It is difficult to say how much you could save with a switching providers car insurance discount. However, we can tell you that the average savings from a car insurance discount is 10 percent.

Each car insurance company will claim a different savings amount if you switch to their company. Let’s take a look at some below:

How Much You Could Save by Switching Car Insurance Providers
CompanyHow Much the Company Claims You'll Save by Switching
21st Century Insurance$474 per year
Allstate$400 per year ($473 per year if switching from GEICO)
GEICO15 percent or more
Progressive$550 per year
State FarmMore than $500 per year
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What determines the price of your car insurance depends on many different factors, including such as your age, driving record, vehicle information, and more.

The best way to know how much you’ll save by switching providers is getting quotes from different companies and speaking to an insurance agent who can give you the best advice about car insurance discounts.

How can I switch car insurance providers?

Before deciding to cancel your current insurance policy, you should know whether you’ll face any penalties. You may forfeit some prepaid premiums or have to pay a cancellation fee.

If you know you won’t face these penalties, or if you’re alright with doing so, you can research how to cancel your insurance policy.

For example, if you have GEICO, cancel your policy by searching “how to cancel GEICO insurance.” You will be given exact instructions on how to contact the company and cancel your policy.

You can prevent a lapse in your coverage by making sure that your current policy ends on a chosen date. You should choose one that aligns with when your new policy will begin.

You may receive a refund from your old insurance company. You should also check with your insurance agent to make sure you’re getting all possible discounts with your new insurance company.

Now that you know more about finding a switching providers car insurance discount, it’s time to buy car insurance. If you need help finding affordable car insurance rates, enter your ZIP code into our free quote comparison tool below.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

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