I got a new auto insurance last November and it expires end of May. I paid $320 for 6 months. The rate was higher due to a moving violation.
Well, the violation is off my record now…. and when I got a quote today with another insurance company, it was $150 for 6 months.
So would it be cheaper for me to cancel my current coverage ($50 early cancellation applies) and get the new coverage? Or just keep the current coverage and apply again in June?
My current insurance is paid in full.
So can someone good at math tell me how much would I save if I canceled and reapplied?