Is There a Fee to Cancel Travelers Insurance?

Last Updated on April 29, 2022

Travelers is one of America’s largest insurance companies. If you cancel your Travelers insurance policy, then you could pay a cancellation fee of $20 to $50, depending on your state.

Travelers charges a cancellation fee in some states but not in others. If you have already prepaid your Travelers insurance premiums upfront, then Travelers will refund these premiums minus your cancellation fee.

Keep reading to discover everything you need to know about canceling your Travelers auto insurance policy.

Table of Contents:

Travelers Charges a Cancellation Fee of $20 to $50 in Some States

Depending on your state, you could pay a cancellation fee of $0, $20, or $50 with Travelers.

Travelers charges cancellation fees in some states and regions – but not others.

Travelers does, however, provide refunds in all states. If you have already paid for your Travelers auto insurance policy upfront, then Travelers should refund this money to you based on your date of cancellation.

Let’s say you cancel your Travelers auto insurance policy on November 20. You pay $90 per month for your policy. Travelers provides a refund of $30 on premiums you have already paid for the month of November (the last third of the month from November 20 to November 30). Then, Travelers may deduct a cancellation fee of $20, giving you a total refund of $10.

How to Cancel Travelers Insurance

You can cancel your Travelers insurance policy at any time by contacting the company at 1 (800) 842-5075.

If there is a Travelers agent or office in your area, then you can cancel your Travelers policy in person.

Alternatively, you can cancel your Travelers policy by mail. Write a letter with your name, policy number, and desired date of cancellation. Sign and date the letter, then mail it to:

Travelers
PO Box 5600
Hartford, CT 06102

Your letter should include your name, contact information, policy number, driver’s license number, and desired date of cancellation.

Cancel at Renewal to Avoid a Cancellation Fee

Your Travelers car insurance policy has a renewal date. If you cancel your policy on this renewal date, then you could avoid paying a cancellation fee.

Your renewal date gives you an opportunity to shop around for new car insurance. It also gives Travelers a chance to renew or decline your policy. If you have had multiple at-fault accidents since your last renewal date, for example, then Travelers may cancel your policy on your renewal date. Or, if you’re unsatisfied with Travelers for any reason, then you can cancel your policy on this date without paying a cancellation fee.

Other Things to Consider When Canceling a Travelers Car Insurance Policy

Canceling a car insurance policy is easy, and drivers do it regularly to take advantage of better rates. However, here are some things to consider when canceling a Travelers car insurance policy:

Start Your New Car Insurance on the Date You Cancel your Travelers Policy: If you plan to continue driving, then your new car insurance policy needs to begin on the date your Travelers policy ends. If you cancel your Travelers policy on November 20, for example, then your new policy needs to begin on November 20 to avoid a lapse in coverage.

Ask About Refunded Premiums: Travelers should provide a refund on any premiums you have already paid. Even if Travelers charges a cancellation fee, you are entitled to receive a refund on prepaid premiums. Ask Travelers about this refund, and follow up to ensure you receive the money owed to you.

Verify New Car Insurance Pricing Before the Switch: Some car insurance companies attract you with cheap upfront prices, only to increase premiums after the underwriting process. Verify your new car insurance company is providing lower rates than Travelers. This is particularly important if you have at-fault accidents, speeding tickets, citations, or other risk factors on your driving record.

Ask About Cancellation Fees: Travelers appears to charge a cancellation fee of $20 to $50 in some states but not in others. To determine if it’s worth canceling your policy today, call Travelers and ask about a cancellation fee. It may be worth waiting until your renewal date.

Verify Coverages and Discount Options: Your new car insurance policy could have different coverages, limits, and discounts than your Travelers policy. Verify you’re buying a car insurance policy with the same coverage as your Travelers policy. Otherwise, you could be under-insured.

How to Avoid Travelers Cancellation Fees

Travelers may charge a cancellation fee of $20 to $50, depending on your state and region. However, you may be able to avoid paying a Travelers cancellation fee.

The best way to avoid a cancellation fee is to cancel your policy at the renewal date. Instead of canceling your policy mid-term, wait until your renewal date.

Travelers may let you cancel without a penalty every six or 12 months, for example, which is the standard length of a car insurance policy.

Information Needed to Cancel a Travelers Car Insurance Policy

Travelers may require certain information to cancel your policy, including:

  • Name, address, phone number, and date of birth
  • Driver’s license number
  • Policy number
  • Desired cancellation date

You can contact Travelers by phone, mail, or in person with this information to cancel your car insurance policy.

Contact Travelers to Verify Cancellation Fees

Although some Travelers policyholders report paying a cancellation fee of $20 to $50, others report paying no cancellation fee whatsoever.

You may be able to cancel your Travelers policy without penalty. Contact Travelers today to determine if you will or will not pay a cancellation fee. You can contact the company at 1 (800) 842-5075.

Sometimes, state insurance laws or regional company policies prevent a company from charging a cancellation fee. In this case, you may be able to cancel your Travelers policy without penalty and receive a refund on previously paid premiums.

Final Word on Canceling Travelers Insurance

Travelers may or may not charge a cancellation fee, depending on your area.

Some customers report paying a cancellation fee of $20 to $50 when canceling their Travelers policy mid-term, while others claim to have paid no cancellation fee whatsoever.

However, Travelers should provide a refund on any prepaid premiums. If you paid for premiums upfront and cancel your policy, for example, then Travelers should refund the prepaid amount minus a cancellation fee.

You can avoid a cancellation fee by canceling your Travelers policy at your renewal date.

James Shaffer
James Shaffer James Shaffer is a writer for InsurancePanda.com and a well-seasoned auto insurance industry veteran. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. He is responsible for researching and writing about anything auto insurance-related. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post.
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