Youll get a refund for the days of cover you paid for but didnt use.
Does it cost to cancel car insurance uk. If you cancel your car insurance during the cooling-off period theres no cancellation fee. But be aware that an insurer can still charge for the days of. You will get a refund minus any days the policy was active for.
The policy holder can ask Aviva to cancel their deal at any time during the policy by calling 0800 056 2192 cancellation not available online. The cooling-off period is a legal requirement where any car insurance policy taken out has a 14 day period where you can cancel it if you change your mind. In our survey compulsory accidental damage excesses on car insurance policies averaged around 180.
The insurer would have made you aware of cancellation and admin fees when you took out the policy but if you cant remember what they are or find the details in. All insurers in the UK are obligated to offer a cooling-off period of at least 14 days for car policies. Aviva will charge you a fee to leave to cover its administrative costs.
Many car insurance providers charge a cancellation fee if you decide to opt out of your policy before the full year is up but choosing not to renew your policy is not the same as cancelling so you should not be charged a cancellation fee. The average UK car insurance cancellation fee is 24 during the 14-day cooling off period and 55 after the cooling off period. Make sure you take it into account when comparing car insurance products.
The admin fee might not be completely clear when you sign up. Well also charge for the time on cover if youve made a claim the full price for the year will charged. If you cancel after the 14 day cooling-off period but before your cover ends EUI Limited will charge to cover set up and cancellation costs.
Just be aware that theres usually a cancellation fee to pay and you wont earn your no claims discount if you cancel before the end of your 12 month policy. Yes you will get a full refund but with some changes. However if your policy has been active for longer than that youre likely to have to pay a cancellation fee and the cost for the time youve been insured pro-rata.