How do I switch homeowners insurance companies?

First, research and compare quotes from at least three insurers. Once you have chosen a new policy, purchase it and set the effective start date to align with your current policy's expiration. Notify your current insurer in writing that you are canceling, but do not cancel until the new policy is active. Confirm the new policy is bound and your mortgage lender is notified. Switching mid-term is possible and you may receive a refund for unused premiums, though some companies charge a cancellation fee.