Is it hard to switch home insurance companies?

Name: How Does Switching Your Homeowners Insurance Work?
Uploaded: 2015-12-13T03:31:49+00:00
Duration: 3 min 59 s
Description: When you switch homeowners insurance from one company to another it can cause problems with your monthly mortgage payment. But it doesn't have to. With a couple of simple steps you can be sure to have a smooth easy transition to your new insurance company.

Editorial team InsuredAndMore.com Published on October 28, 2026

Yes, switching homeowners insurance is generally a straightforward process that you can do at any time.

How to Switch Providers

Shop and compare: Get quotes from multiple companies to find better rates or coverage.
Secure the new policy first: Buy your new policy and make sure its active date starts before you cancel the old one to avoid any coverage gaps.
Cancel the old policy: Contact your previous insurer to formally cancel your old coverage. They will usually issue a prorated refund for any unused, prepaid premium.
Notify your mortgage lender: If your payments are tied to an Escrow Account, send your lender the new policy details so they can update your account and send payments to the correct company.

Potential Challenges

Mid-term cancellation fees: Some companies might charge a small fee or penalty if you cancel before your annual renewal date.
Escrow complications: Switching mid-year requires coordinating refund checks and new payments with your mortgage servicer, which takes a little extra effort.
Open claims: If you have an active property claim, it is usually best to wait until it is fully resolved before trying to switch carriers.