Mariah Posey is an auto, home and life insurance editor and writer for Bankrate.com. She aims to make the insurance journey as convenient as possible by simplifying industry lingo and implementing thoughtful content design to provide readers clear answers to their questions.

Canceling an insurance policy might seem like a good idea under certain circumstances, but it comes with some risks. It’s best to know when it makes financial sense. Here are some circumstances when you should send in your cancellation notice.

Learn about Texas windstorm insurance, including average costs and where to buy it.

Comprehensive insurance, also sometimes referred to as “comprehensive coverage,” doesn’t cover your typical auto accident. Instead, it covers just about everything else that damages your vehicle.

Learn everything you need to know about an FR-44 with Bankrate’s guide.

Bankrate takes a close look at AARP vs. AAA car insurance pros and cons.

Vacant home insurance can be included as an endorsement to a standard homeowners policy or purchased as a standalone policy.

Certain types of claims are more likely to boost your insurance rates. Find out which claims you should avoid.

Life insurance may seem confusing, but Bankrate’s experts are here to help.

What is PIP and why could skipping it cost you thousands? Bankrate explains.

Higher car insurance costs got you down? We can show you how to save.

When you purchase a car insurance policy, it remains valid for a certain amount of time. The most common policy periods are six months and 12 months. Depending on the auto insurance company, you might get to choose your policy period, but not all providers give you an option. If you do have a choice between a six-month or a 12-month policy, you may want to weigh the pros and cons of each to help decide which is right for you.

These five steps could help you choose the best home insurance company for you.

Involved in a hit and run in Tennessee? Bankrate guides you through what to do.

Here's more information on how COVID-19 might impact your home insurance and auto insurance needs and rights.