A State farm insurance is a valuable financial tool that can help pay for your child’s education, improve your standard of living, and provide a safety net for you and your family in case of emergencies. However, before you buy a policy you must be aware of the following:
- You must be at least 18 years old to purchase a farm insurance policy.
- If you have had farm insurance in the past, you cannot buy another policy from the same company for at least three years
- The premiums on a State farm insurance policy are very high compared to the cost of other insurance policies.
In this piece, we shall discuss some ways on how to cancel state farm insurance. Some of those ways are;
- Canceling by phone
Canceling by phone is one of the ways on how to cancel state farm insurance. If you have state farm insurance, you must call their 24-hour customer service number. When you call the customer service number, you will hear a recording informing you that you have reached the voicemail of the customer service department. Speak slowly and clearly and leave your name and contact information (phone number and best times to reach you). You may also leave an explanation why you want to cancel your policy. (Don’t forget to mention if there is anything unusual about your situation)
- Cancel by mail
If you decide to use this option, it’s important you send a certified letter with 2 different forms of identification. One form of ID should be a current photo ID. The other form of ID could be a utility bill, bank statement, or any other government document that proves you are who you say you are. Some of the essential things you need to provide on the mail include:
Name of the insured Address of the insured Social security number of the insured Amount of insurance currently in force.
- The policy number of the current policy Reason for cancellation.
- your address
- Send the letter to the address below and keep copies of everything you send in case there is an inquiry.
- Cancel by fax
If you decide to use this option, you must send a fax with 2 different forms of identification. One form of ID should be a current photo ID. The other form of ID could be a utility bill, bank statement, or any other government document that proves you are who you say you are.
Some of the essential things you need to provide on the fax include Name of the insured Address of the insured Social security number of the insured Amount of insurance currently in force. The policy number of the current policy Reason for cancellation. Your address Send the letter to the address below and keep copies of everything you send in case there is an inquiry. Canceling by computer is one of the best ways to cancel state farm insurance.
- Cancel in person
If you decide to use this option, it’s important you need to visit the offices of the insurance company. You need to carry along some essential documents containing; Name of the insured Address of the insured Social security number of the insured Amount of insurance currently in force. The policy number of the current policy and provide a reason for cancellation. Your address Send the letter to the address below and keep copies of everything you send in case there is an inquiry.
It is important you follow these instructions because many people think they can just stop paying their premiums and the insurance company will automatically cancel the policy. This is not true. Most companies only consider canceling a policy if they receive at least 60 days’ notice. After that, they will consider your death or retirement as a non-event and continue to pay your premiums. Therefore, it is critical you give State Farm at least 60 days’ notice if you decide to use any of these options. This is a rather long message but I felt it was important to share this info with you. Hopefully, after reading this message, you will have a much better understanding of how to cancel state farm insurance. If you decide to do so, do it soon! If you wait too long, it could cost you extra.
Why do you need to cancel your state farm insurance?
First, it increases your chances of saving money by possibly getting a cheaper rate from another company. Secondly, it helps avoid problems when changing jobs or moving because it allows you to start fresh with a clean slate. In today’s world, who knows what problems may come up? Maybe you change your mind about canceling. That’s ok. You can always change your mind and re-cancel later. I know many people who have kept their policies even after they retired because they liked the benefits. So, if any of these options work for you, great!
However, if any of they don’t work for you, that’s ok too. Simply let your agent know you want to do nothing and you will get a refund in the mail. It’s as simple as that.
How to change state farm insurance company
Most people get state farm insurance through their employer. Therefore, if you decide to change your insurance company, make sure you keep the state farm insurance policy number handy when you are going to cancel it. When you call to cancel, they will ask for this number. If you don’t remember it, it’s ok; just ask your agent and they can give it to you. If you are currently insured by another company, find out which company they contracted with. When you call to cancel, they will tell you which company they contract with to provide your insurance. It is possible that it’s the same company that you had previously. Just inform your current insurance agent and he/she will pass the information along to the new insurance company. It can be a hassle to switch from one insurance company to another but I know it can be done. If any of these options work for you, great!
Conclusion
In conclusion, on how to cancel state farm insurance is easy if you consider the things discussed above. In any case, if you do decide to cancel, do it soon! That will give State Farm the best chance of saving your old policy. Remember, it may not be immediately apparent the company will save any money because of your cancellation. However, over time (usually about 60 days), they will send notices to all insureds in your situation and the savings will add up.