When Can You Switch Homeowners Insurance? 
Most insurers will allow you to cancel coverage and replace coverage at any time . The company whose policy is being cancelled may charge either a minimum earned premium or a `` short rate '' cancellation but they will refund the balance of the paid premium . Mortgage companies work with this routinely . In summary you should determine the price on the new policy and then determine the cost , if any , of canceling the existing policy before making a decision . 