Farm Bureau Insurance is a regional insurer that provides policies in select states across the Midwest and South. If you have an auto, home, life, or other insurance policy with Farm Bureau and need to cancel it, there are a few simple steps to take.
Below is a comprehensive guide on how to cancel any type of Farm Bureau insurance policy.
Before getting into the cancellation process, here’s some background on Farm Bureau Insurance:
Now that you know the basics about Farm Bureau Insurance, let’s look at how to cancel your policy.
Cancelling any type of insurance typically requires submitting notice to your insurer in writing. Here are the recommended steps to cancel a Farm Bureau insurance policy:
1. Review your policy documents
Before cancelling, read through your policy paperwork and take note of:
2. Submit written cancellation request
To officially cancel your Farm Bureau insurance, you must submit notice in writing. Here are three options:
Keep a copy of your cancellation notice for your records.
3. Follow up on cancellation
And that’s it! Following these three simple steps will ensure your Farm Bureau policy is cancelled smoothly and efficiently.
Here are some other important things to keep in mind when cancelling your Farm Bureau insurance:
Before cancelling altogether, consider these options:
Exact cancellation procedures can vary slightly by insurance line. Here are some product-specific things to keep in mind:
Auto Insurance
Homeowners Insurance
Life Insurance
While less common these days, some insurers charge fees for cancelling a policy early. Farm Bureau’s cancellation fee policies include:
Check your specific policy paperwork for details on cancellation charges.
Follow this checklist for a smooth Farm Bureau insurance cancellation process:
❏ Review policy documents and notes key details like the cancellation provision, premium owed, and any potential fees.
❏ Choose your desired cancellation date – this must comply with any notice period requirements.
❏ Decide cancellation method – online, email, mail, etc. Have your policy number handy.
❏ Submit official written cancellation notice through your selected method.
❏ Call Farm Bureau within 72 hours to confirm receipt of your request.
❏ Look for a cancellation confirmation letter in the mail within 7-10 days.
❏ Verify accuracy of cancellation details like the effective date.
❏ If owed a refund, expect a check or credit within 3-4 weeks post cancellation.
❏ Notify lienholders or lenders if required. Provide proof of cancellation.
❏ Secure replacement insurance if needed. Avoid coverage gaps.
❏ File away cancellation paperwork and refund details for future reference.
Following this comprehensive checklist will ensure you complete all necessary steps to successfully cancel your Farm Bureau insurance policy.
While cancelling your current Farm Bureau policy is one option, you may want to consider these alternatives first:
1. Adjust your coverage
Tweaking your policy could potentially lower your rates. Things to try:
2. Bundle policies
Ask your agent about bundling discounts. Insuring multiple policies with Farm Bureau can lead to savings of up to 25%.
3. Take advantage of discounts
Farm Bureau offers savings for:
4. Improve your credit
Farm Bureau uses credit when pricing auto and homeowners insurance in some states. Improving your credit could potentially lower your premiums.
5. Ask about loyalty discounts
Long-time customers may be eligible for policy renewal discounts after being with Farm Bureau for several consecutive years.
6. Shop for lower rates
Compare quotes from other top insurers to see if you could get cheaper rates. Be sure to match coverages when comparing.
7. Address risk factors
Improving things like your driving record or home security could potentially qualify you for lower premiums.
If after exploring these options you still want to cancel, follow the steps outlined earlier in this guide.
Once your Farm Bureau policy has officially been cancelled, here are some things to keep in mind:
Maintain continuous insurance
Make sure you secure a new policy if required to avoid gaps in auto, home, or health insurance coverage. Even a lapse of just a few days could negatively impact your rates when getting new insurance.
Consider replacement insurance
Shop quotes from other carriers immediately after cancelling so you can find affordable replacement coverage quickly. Compare policies as soon as possible.
Check for cancellation reflect ins your credit report
Cancelling an insurance policy may show up on your credit report and impact your scores. Check your credit report a few months after cancelling to ensure proper reporting.
Provide proof of new insurance
If you financed your home or car, the lender will require you send proof of continuous insurance. Forward the policy documents from your new insurer.
Update insurance records
If you get new policies after cancelling Farm Bureau insurance, make sure to update any insurance records with companies, employers, or organizations as needed.
Review savings on new policy
Once you have new coverage, compare old vs. new declarations pages to confirm you’re getting the savings and rate reduction you expected.
Following up on these items can help ensure a smooth transition after cancelling your Farm Bureau insurance coverage.
Here are answers to some frequently asked questions about cancelling Farm Bureau insurance policies:
How long does it take Farm Bureau to cancel a policy?
Farm Bureau will typically process and finalize cancellations within 5-7 business days after receiving written notice. The cancellation date will be effective as of the date requested.
When can I cancel my Farm Bureau auto insurance?
You can submit a cancellation request at any time. However, Farm Bureau recommends waiting until the end of your current 6-month policy term if possible to avoid fees.
Does Farm Bureau charge a cancellation fee?
Farm Bureau does not charge standard cancellation fees for auto policies. However, they may charge $50 to cancel a homeowners policy mid-term after 60 days of coverage.
How do I cancel Farm Bureau homeowners insurance?
To cancel your Farm Bureau homeowners policy, submit written notice by mail, email, or online. Provide your policy number, requested cancellation date, and reason for cancelling.
What is Farm Bureau’s cancellation policy?
Farm Bureau requires written notice submitted by mail, email, or their website to cancel a policy. Exact timeframe requirements depend on your state and policy type.
Can I backdate my Farm Bureau cancellation request?
No, Farm Bureau will not backdate cancellation requests. The cancellation date must be the date you submitted notice or a future date.
When will I get my Farm Bureau cancellation refund?
Any premium refund owed will be sent via check or credited to your card within 3-4 weeks after the effective cancellation date.
Does cancelling Farm Bureau insurance hurt your credit?
Cancelling alone does not hurt your credit. Just make sure to maintain continuous insurance coverage to avoid lapses that would show up negatively on your credit report.
Hopefully this guide provided you with all the key information needed to successfully cancel your Farm Bureau insurance policy. Reach out to your agent directly if you have any other questions.
How do I cancel my insurance payment?
Some insurance companies permit you to cancel right over the phone or online . Other insurers may require written notification or a signed document. Generally, insurers will refund you the money for the unused portion of your policy, assuming you paid in advance.
How do I cancel my Farmers insurance policy?
To cancel Farmers insurance, the policyholder must contact their agent directly or call customer service at 1-888-327-6335 . You will need to provide basic information about yourself, your Farmers policy number, and the date you would like your policy to end.
Does Farmers charge a cancellation fee?
If you’ve sold your vehicle, you may be asked to provide a bill of sale. If you’ve already paid your premium for the policy period in full, Farmers will refund the unused portion. Farmers does not impose a cancellation fee or penalty for early termination .
Can I cancel my own insurance policy?
You can cancel your car insurance at any time . If you do this at renewal time, there should be no charge. If you do this outside of your ‘renewal window’ you likely have to pay a cancellation fee. If you still have a car, make sure you have another policy ready to take over your cover.