Yes. According to Canadian law, you have 14 days to cancel your policy after it starts. This gives you time to change your mind if you find a better deal, or if you no longer require the policy. But remember, if you wait beyond 14 days, you will be on the hook for your insurance company’s cancellation policy. Cancellation penalties in Edmonton vary by company, but are usually a percentage of your full policy — so do the math and be sure it’s worth it to switch to a different provider (the amount you save may not outweigh the amount you’ll be penalized for switching).