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Can You Cancell Auto Insurance at Any Time? It is possible to cancel your car insurance policy at any time. In order to do this, you must be aware of the laws that govern auto insurance in your state and adhere to them. If you are going to be out of the country for an extended period of time, there will be a lapse in time when you renew your policy. If you decide to cancel your policy, you must give 48 hours notice. T