To cancel Mercury insurance, the policyholder must notify their agent directly by calling, mailing, or meeting in person. The cancellation can be arranged for a future date or set to take effect immediately. You will need your name, address, phone number, policy information, reason for canceling, and the date you would like your policy to end.
- Cancel in person by providing a written cancellation request to your local agent.
- Cancel by phone by calling your agent directly at the phone number listed on the back of your insurance card.
- You cannot cancel a Mercury insurance policy online.
If you’ve already paid your premium for the policy period in full, Mercury will refund the unused portion. Mercury does impose a cancellation fee or penalty for early termination. Mercury charges a cancellation fee of 10% of your remaining premium, so if you still owe $300 on your policy, you'll pay a $30 penalty fee to cancel coverage.
It’s important to remember that you don’t need to cancel your policy just because you’re going through some life changes. For example, you should have Mercury update your mailing address or vehicle information if you’re moving or buying a new car.
If you’re canceling your current policy in order to switch to another company, be sure to activate your new policy before canceling the old one. This prevents a lapse in coverage, which would lead to higher premiums in the future.
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