Can You Cancel Auto Insurance At Any Time You Wish? 
Yes , but there may be consequences . Some carriers prorate , others short-rate -LRB- meaning there is a penalty -RRB- and I imagine there are some that do n't refund at all . In addition , if you have a lienholder , your finance contract might have an insurance provision that requires you to purchase coverage for the vehicle OR they can `` force place '' coverage . This means that if you do n't buy the coverage stated in the contract , they will purchase the coverage and charge you for it . 