Once I buy the policy, will I even need to change my insurance coverage?

You can change your insurance coverage by contacting the insurance company and adjusting your policy. Some insurance companies allow you to make policy changes online. If you're asking, "What if I can't change my insurance coverage plan," then you may want to switch your policy to one of the top ten insurance companies. Shop around and compare multiple insurance companies to learn more.

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Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Jan 9, 2022

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The Rundown

  • If you got health insurance through the healthcare marketplace, log in to the healthcare marketplace and select “Change Plans”
  • You can switch car insurance by canceling with one company and buying a policy with another
  • You’ll need to notify your home insurance company and let them know you have a new policy

Have you ever asked, “can I change my insurance coverage?” It’s a good question. So can you switch insurance at any time? It depends on your situation.

But when can you change your insurance plan? Don’t worry — we’ve got the answers. Our guide explains how to change your insurance policy. We’ll also show you when to switch health, home, and car insurance policies.

After learning how to change your insurance coverage, enter your ZIP code in the free quote tool above to compare multiple insurance companies near you.

Will I even need to change my insurance coverage after buying a policy?

It depends. Your insurance coverage should meet your needs. However, if an insurance policy is too expensive or doesn’t have enough coverage, you’ll need to adjust your policy.

For example, health insurance policies with high deductibles could be an issue. Home insurance plans with few coverage options may not cover specific areas. Some auto insurance policies may require more coverage limits.

Whatever your needs are, you can make changes to an insurance policy.

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How do I change my insurance plan?

One of the biggest questions in insurance is “how to change my insurance plan?”

If you use the healthcare marketplace, follow these steps to change your health insurance plan:

  1. Log in to the healthcare marketplace
  2. Select “My Plans & Programs”
  3. Next, click on “Change Plans” to review other plans
  4. Click “Change Health Plan”
  5. Choose a new plan
  6. Complete the steps when asked

During the enrollment and special enrollment period, you can choose between several plans, such as bronze, silver, gold, and catastrophic plans.

But if you don’t go through the healthcare marketplace, you should visit your health insurance company’s website or call customer service. Then, ask the insurance company to make changes to your insurance plan.

Can I change my car insurance coverage at any time?

Yes, you can. Insurance companies are flexible to customers. Some insurance policies may not work for you. Therefore, you’ll need to change your policy or switch to another company.

But if you don’t need or want to switch insurance companies, you can change something within your insurance policy.

For example, a health insurance policy with a low deductible may be too expensive. You can raise your deductible to lower your monthly rates.

How do I change my insurance policy at a car insurance company?

You can make changes to your auto insurance policy online or by phone. Contact your insurance company and ask them to add or take away coverage. But your car insurance rates may change.

For example, if you have liability insurance and want more coverage, expect to pay more for auto insurance per month.

If you’re simplifying your car insurance policy, you could pay much less. However, you’ll miss out on specific coverage options.

How do I change my insurance plan at a home insurance company?

Homeowners insurance shares the same principles as auto insurance. You must have home insurance.

If you’re paying a mortgage, the lender or home equity holder requires the homeowner to have home insurance.

You can make changes to your home insurance at any time. But if you’re going to cancel, make sure you have another home insurance policy ready to cover your property.

Can I change my insurance plan mid-year?

The answer is yes. Life’s circumstances may cause significant changes in finances or other personal areas.

Insurance companies allow you to change, suspend, or cancel your insurance policy if you need to do so.

What are the best insurance companies in the United States?

If you’re thinking about replacing your insurance policy, you should shop with the top insurance companies in the country.

Here’s a list of the best companies in the United States:

Top 10 Insurance Companies by Industry
RankHealth Insurance CompaniesCar Insurance CompaniesHome Insurance Companies
1UnitedHealth GroupState FarmState Farm
2AnthemGEICOAllstate
3CenteneProgressiveUSAA
4HumanaAllstateFarmers
5HCSCUSAALiberty Mutual
6CVS HealthFarmersTravelers
7Molina HealthcareLiberty MutualAmerican Family
8CignaNationwideNationwide
9Kaiser PermanenteAmerican FamilyChubb
10GuideWellTravelersProgressive
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State Farm has the largest market share in auto and homeowners insurance. The UnitedHealth Group has the most significant market share in the health insurance industry.

Why should I replace insurance with another policy?

Not replacing an insurance policy is risky. Insurance protects you from massive out-of-pocket costs. Without insurance, you’ll be on the hook for expenses that could cost thousands of dollars.

The urgency for replacing insurance varies for each insurance type and person.

For example, younger and healthier people don’t have to rush to shop for health or life insurance. But adults who live risky lifestyles should seek health insurance as soon as possible.

Car and home insurance are mandatory. Most states in the nation require drivers to have auto insurance. Meanwhile, most lenders require homeowners to have home insurance. Refusing to replace your policy has financial and legal consequences.

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How do you cancel an insurance policy?

Each insurance company has different rules regarding how to can cancel your policy.

The most common way to cancel an insurance policy is to call your insurance company and let them know you want to cancel.

Insurance companies rarely allow you to cancel policies online.

The same goes for home and auto insurance. You’ll need to call the insurance company or submit your cancellation in writing. Be sure to include your name, address, and policy number.

Change My Insurance Coverage: The Bottom Line

Changing your insurance coverage could mean cheaper or more expensive rates. If you need more coverage, you’ll pay more. Less coverage means more affordable rates but fewer options to cover sticky situations.

If changing your insurance policy doesn’t help your coverage or monthly expenses, you should switch to another insurance company. But you’ll need to time it just right. The best way to prevent a coverage gap is to buy another policy before your current policy ends.

Now that you know how to change your insurance policy, use our free online tool to compare multiple insurance companies in your area.

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