Can I switch insurers before renewal?
General
Yes, you can cancel at any time. The insurer refunds the unused premium, often at a “short rate”, which is a bit less than a pro rata refund. The AMF considers a holdback of up to 10% of the unused premium reasonable. Check your policy and have the new one in place before cancelling the old one to avoid a gap.
A general answer. Your policy always has the final say.
Related questions
A question about your own policy?
This site explains the general rules. Only your insurer can say what your policy covers: ask your agent or broker. This site doesn’t make recommendations. To choose coverage, also talk to a certified professional.
- Check an agent or broker: AMF register, at lautorite.qc.ca
- Insurance information: Autorité des marchés financiers
- General insurance questions: Centre d’information sur les assurances, 514-288-4321 or 1-877-288-4321
- Injuries in a car accident: SAAQ
- Professional conduct: Chambre de l’assurance de dommages