Nationwide is one of the largest insurance providers in the United States, offering policies for auto home, life business, and more. While many customers are satisfied with their Nationwide coverage, you may decide at some point that you want to cancel your policy.
Canceling insurance can seem daunting, but it doesn’t have to be a huge hassle. With the right steps, you can terminate your Nationwide policy smoothly and avoid coverage lapses.
In this comprehensive guide, we’ll walk through the process of canceling your Nationwide insurance so you can transition policies or providers.
Contact Your Nationwide Agent Directly
The first and easiest step is to contact the Nationwide agent who sold you the policy. Locate their number on prior paperwork or look them up via the Nationwide agent finder.
Explain over the phone or in an email that you want to cancel your policy, specifying the policy type and number. Provide the date when you want the cancellation to take effect.
Your agent will handle terminating the policy and send confirmation when it’s canceled. They can also explain your options for switching providers or getting prorated premium refunds.
Call Nationwide Directly
If you don’t have an agent or can’t reach them, call Nationwide directly at 1-800-848-6331. Let the representative know you want to cancel your policy and the effective cancellation date.
They will cancel the policy on their end and email confirmation once it’s terminated. Discuss any prorated premium refunds you may receive.
Send a Written Cancellation Request
Another option is to mail or fax a cancellation letter directly to Nationwide headquarters:
Nationwide Insurance
One Nationwide Plaza
Columbus, OH 43215
Fax: 1-866-773-7504
Include key details like:
- Your full name and policy number
- Type of policy being canceled
- Effective cancellation date
- Reason for canceling (optional)
- Signature and date
Make sure to send the letter far enough in advance to allow for processing time before your requested cancellation date.
Return the Declarations Page
Some states require you to return the Declarations Page of your policy along with the cancellation notice. Check the terms of your specific policy.
The Declarations Page provides a summary of your coverage, limits, premiums, and other policy details. Locate this document and include it with your mailed cancellation letter to Nationwide.
Watch for a Confirmation Notice
No matter how you initiate the cancellation, Nationwide will send an official confirmation by mail once it’s terminated.
Review this notice to verify cancellation date and any refunds you’ll receive. Make sure the policy status is shown as “Canceled” not just “Non-Renewed.”
Contact Nationwide immediately if you don’t receive confirmation within 2 weeks or notice any discrepancies. Having proof the policy is terminated is essential.
Consider Switching Providers
Shop around and compare rates if the reason you’re canceling Nationwide is to find cheaper coverage. But secure the new policy first before canceling Nationwide to avoid gaps in coverage.
Review the new policy documents closely before terminating the old policy. Look at coverage amounts, deductibles, and liability limits to ensure the new insurer properly matched your Needs.
Don’t Cancel Before Securing New Insurance
Never cancel one policy until the new one is in place. Going without insurance – even for one day – puts you at major financial risk.
Most insurers let you choose a start date for new policies within 30-60 days out. Utilize this lead time to line up non-lapping coverage.
Understand Possible Penalties
Make sure to ask Nationwide about potential fees for canceling, especially mid-policy term. Some insurers charge early termination fees.
If you finance your policy premiums through Nationwide, cancelling may trigger outstanding loan repayment. Read the financing agreement details.
Get Premium Refunds Promptly
When a policy is canceled mid-term, insurance companies refund any unused premiums already paid. The amount depends on elapsed time remaining on the policy period.
Nationwide sends premium refund checks within 2 weeks of cancellation. Deposit this promptly before the check expires to recover your fair share of unearned premiums.
Maintain Proof of Prior Insurance
Keep records proving your Nationwide policy dates and coverage details. This shows insurers a lack of previous lapses or gaps in insurance.
Many states require providing prior insurance info when applying for new policies. Maintaining continuous coverage often earns premium discounts.
Cancel Additional Products and Services
If you purchased extra products through Nationwide like roadside assistance, rental reimbursement, or accident forgiveness, cancel these add-ons as well.
Terminating just the base policy doesn’t automatically cancel these ancillary products and charges may continue.
Remove Auto Pay Authorizations
Check for and cancel any automatic Nationwide premium deductions from your bank account or credit card. This prevents unwanted withdrawals after terminating the policy.
Log into online billing and delete saved payment methods or call billing services to remove authorizations. Review statements for accuracy.
Act Quickly to Avoid Lapses
Don’t delay starting the Nationwide cancellation process. It takes time to finalize termination and secure replacement coverage.
Build in buffer room of at least 2-3 weeks before your desired end date. Renewals also require more advance notice – check your policy.
Transfer Important Documents
Gather past insurance cards, claims reports, and other records from Nationwide to provide your new insurer. These validate your policy history.
Make copies for your files and ask Nationwide to email digital copies if possible for convenience. Don’t lose track of vital policy documents.
Shop Around Annually
The best way to ensure you have optimal rates and coverage is to compare multiple insurers each year at policy renewal.
Market competition motivates companies like Nationwide to earn your business. Regularly reevaluating options saves money without sacrificing protection.
Closing Thoughts
Canceling insurance policies seems intimidating but can be straightforward if done properly. Notify Nationwide via your agent, customer service, or written letter several weeks before the desired end date. Review the confirmation notice and watch for any refund checks. Never cancel one policy until the new insurer is in place to avoid lapses. With the right prep work completed upfront, terminating Nationwide policies doesn’t have to be a hassle.
Step 2: Compare car insurance quotes
One way to find the best policy is to compare quotes from different insurers.
Auto insurance rates are based on a number of things, including where you live, your age, your driving record, and the year, make, and model of your car. When you compare quotes, it’s important to keep in mind that different insurance companies may base their rates on different factors.
Another reason to compare car insurance quotes is that available discounts vary from insurer to insurer. For instance, State Farm has some discounts for young drivers, and USAA is known for having discounts for people who are military. Also, many insurance companies will give you a discount if you buy other types of insurance along with your car insurance. This includes life insurance, pet insurance, and homeowner’s insurance.
Find Car Insurance Before You Cancel
Monthly rates start as low as $105 for liability coverage
How To Cancel Nationwide Pet Insurance | cancel nationwide insurance
FAQ
Does Nationwide have a cancelation fee?
How do I cancel my insurance immediately?
How do I stop my insurance renewal?
How do I cancel Nationwide Insurance?
To cancel Nationwide insurance, the policyholder must contact their agent directly or call customer service at 1 (877) 669-6877. You will need to provide basic information about yourself, your Nationwide policy number, and the date you would like your policy to end.
How do I cancel a national insurance policy?
Website: Visit Nationwide Insurance’s official website and look for their cancellation or contact information. They may provide an online form or specific instructions for canceling policies. Agent: If you’ve been working with an insurance agent, you can reach out to them directly to discuss your cancellation request.
How do I cancel my insurance?
Use the mobile app to access your ID card. You’ll need to contact your agent to cancel your insurance. We’re unable to cancel via email or online. Your agent’s information can be found on your policy declaration page, ID card and billing statement. Pay without logging in, use the mobile app or contact your agent.
Does nationwide charge a cancellation fee?
Nationwide does not impose a cancellation fee or penalty for early termination. Finally, 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, if you’re moving or buying a new car you can just have Nationwide update your mailing address or vehicle information.