Can You Change Your Auto Insurance At Any Time? 
There is no penalty I 'm aware of for `` switching '' insurers but there may be a penalty for terminating your auto insurance policy prior to its expiration date . The `` penalty '' is often 5-10 % of the unearned premium . The unearned premium is the amount the insurance company would have charged you for the coverage from the date you are cancelling to the date coverage would have normally expired . If you are `` switching '' insurers to achieve a significant premium savings or better coverage , the `` penalty '' should not be a major reason for delaying that decision . 