You have the right to keep your policy in place if you pay your premium within 30 days following one or two non-sufficient fund (NSF) situations. You have the right to be informed in writing if your policy is not being renewed. You have the right to change or cancel your insurance policy at any time.
Can I cancel my car insurance anytime in Ontario?
Yes, cancelling before the renewal date is possible. Even though you can cancel at any time, it may not make sense financially to make the switch. Always factor in the financial impact before you do it.
Is there a grace period when you cancel car insurance?
What is a car insurance lapse grace period? Your car insurance policy won't be cancelled immediately because you miss a payment. Auto insurance companies are required by state law to provide notice before cancelling your policy. Depending on the state, you'll usually have between 10 and 20 days.
Can my car insurance be Cancelled without notice?
Technically, insurance companies can cancel your policy at any time, and for any reason.
How long does Cancelled insurance stay on record Ontario?
Most insurers go back 3 years to see if you have been cancelled for non-payment. Others go back 6 and some look as far back as 10 years. It will impact your insurance short-term; and it could impact you long-term, even when you switch to a new provider.