The security deposit is collected on day one of your first policy period as part of your initial premium payment.
When your auto policy is canceled or terminated, the security deposit is used to zero out any remaining amount owed and you are refunded the difference.
Of course, if your account has a positive balance when finalized, we will refunded to your payment method both the account balance and the full security deposit.
At that time, your account will be consider closed, and you can restart a new policy whenever you are ready.