Life changes — and sometimes, so do your insurance needs. Whether you’re moving, switching providers , or simply reevaluating your coverage , canceling an insurance policy is a common part of managing your finances. But before you make the call or click cancel, it’s important to understand the proper steps to avoid fees, lapses in coverage, or credit issues.

At Riseson Insurance in Tempe , we’re here to walk you through the process with clarity and confidence.

There are many valid reasons to cancel an insurance policy:

You’ve sold your vehicle or home. You’re bundling policies with a new provider for a discount. You’re moving out of state. You’ve found better coverage or rates. Your needs have changed (i.e., retirement, marriage, new home, etc.).

Whatever the reason, the key is to cancel responsibly and with proper documentation.

1. Review Your Policy Terms Before you cancel, check your current policy for: Cancellation procedures Required notice periods Any early termination fees Potential refunds on unused premiums

2. Secure New Coverage First (If needed) Avoid coverage gaps! If you’re switching providers, secure your new policy before canceling your current one. This is especially critical for auto insurance , where lapses can affect your driving record and rates.

3. Submit a Written Cancellation Request Many insurers require written notice: Your full name and policy number Effective cancellation date Reason for cancellation (optional) Your signature Some companies also allow you to cancel via phone or their online portal — always confirm which method is required.

4. Get Confirmation in Writing Once your policy is canceled, request a confirmation notice or letter from the insurer to verify your end date and final premium charges or refunds.

5. Notify All Relevant Parties If your policy is tied to a loan (such as car or mortgage), notify your lender or leasing company of the change.

Allowing your policy to expire without formal cancellation can lead to:

Negative marks on your insurance record Future premium increases Unpaid balances sent to collections

Taking the extra step to formally cancel protects your financial health.

If you're located in Tempe, Phoenix , Scottsdale , Tucson , Gilbert , or Chandler , the team at Riseson Insurance is ready to assist at 602-460-5470. We can walk you through your current policy, help compare new quotes , and ensure you're covered — not confused.

When Should You Cancel an Insurance Policy?

Steps to Cancel Your Insurance Policy Safely

Pro Tip from Riseson Insurance: Don’t Just Let It Lapse

Need Help Canceling a Policy?

• You’ve sold your vehicle or home.
• You’re bundling policies with a new provider for a discount.
• You’re moving out of state.
• You’ve found better coverage or rates.
• Your needs have changed (i.e., retirement, marriage, new home, etc.).

• Cancellation procedures
• Required notice periods
• Any early termination fees
• Potential refunds on unused premiums

• Your full name and policy number
• Effective cancellation date
• Reason for cancellation (optional)
• Your signature
• Some companies also allow you to cancel via phone or their online portal — always confirm which method is required.

• Negative marks on your insurance record
• Future premium increases
• Unpaid balances sent to collections