Insurance Companies: Should I Wait Before I Renew?

With rising insurance costs, many people are wondering: Do I have to wait for my renewal to change my home and auto insurance?

The good news? No, you don’t! You can switch insurance companies at any time, but there are a few things to consider. Let’s break it down.

Can You Change Insurance Companies Anytime?

Yes! You do not have to wait for your renewal date to switch insurance companies. You can cancel your policy mid-term and switch to a new provider whenever you want.

However, there are a few key factors to keep in mind:

1. Cancellation Fees

   • If you have an admitted insurance company (regulated by the state), cancellation fees are usually small—typically between $2 and $25.
   • If you have a non-admitted insurance company (not state-regulated), cancellation fees could be higher. Not sure which one you have? Call us, and we’ll help you figure it out!

Even if there’s a small cancellation fee, switching early can still save you money—sometimes hundreds or even thousands per year.

1. Don’t Cancel Your Current Policy Until You Have a New One

   • Insurance underwriting rules in 2024 are stricter than ever. Some companies are limiting new policies, so before canceling your current policy, make sure your new policy is active and confirmed.
   • We’ll ensure you don’t have a lapse in coverage so that you’re protected every step of the way.
     
   
   

2. Get Your Refund from Your Old Insurance

   • Once your new policy is active, contact your old insurance provider to cancel your policy and request a refund for any unused premium.
   • At Trailstone, we make this easy by providing you with a form to notify your old insurance company and instructions on where to send your refund check.
     
   
   

3. Home Insurance Refund? Send It to Your Escrow

   • If you have a mortgage, your home insurance is likely paid through an escrow account. When you switch, you’ll receive a refund for the unused premium.
   • Pro Tip: Send that refund back to your escrow account to rebalance it and lower your mortgage payment!

How to Switch to Trailstone Insurance Group

Switching insurance doesn’t have to be a hassle. Here’s how easy it is with Trailstone Insurance Group:

1. Schedule a 15-25 Minute Consultation

We take the time to understand your family’s insurance needs.

2. We Find the Best Plan for You

We compare rates from over 40 top-rated insurance companies to find the best coverage at the best price.

3. Seamless Digital Paperwork

Everything is done digitally—no stacks of paperwork or long forms to fill out!

4. Ongoing Support with Trailstone Renewal Assurance Certification (TRAC)

Each year, we reassess your coverage through our 24-point renewal certification process to ensure you always have the best plan available.

Why So Many People Switch Before Renewal

More than 40% of Trailstone clients switch before their renewal date because we help them find better coverage at a better price.

💬 Real Customer Review from Google
“Trailstone did a great job finding a new insurance provider for me and my family, saving us over $2,000 annually. Definitely reach out to them to see if they can quote you on new policies. Very easy to work with.”
— Andrew Martin

We have over 2,400 five-star Google reviews—so you can trust we’ll find you the best deal!

Why Choose Trailstone Insurance Group?

Unlike companies like State Farm, GEICO, or USAA, which only offer one brand of insurance, we shop with over 40 different insurance companies to find you the best rates and coverage.

🚀 More Choices = Better Savings

Instead of waiting for your renewal, take control now and start saving money today.

Final Thoughts: Should You Switch Now?

✅ You don’t have to wait for your renewal to change insurance companies.
✅ Switching early can save you hundreds—if not thousands—of dollars per year.
✅ Trailstone makes switching easy, seamless, and stress-free.

So, stop waiting and hoping your current insurance company will lower your rates. They won’t!

Get in touch with Trailstone Insurance Group today and start saving now!