I have sold my car 2 months before the end of my yearly policy and have moved abroad.
Is there a cancellation fee for admiral car insurance. Admiral also announced a further 80m set aside to reduce prices and help customers. I have never been charged by an insurance company to cancel a policy early due to the sale of the vehicle. If you cancel your car insurance early your insurer will usually charge a fee.
Its far more common for insurers to either charge for the days used or to charge an admin fee with 44 of policies giving a pro-rata refund or charging an admin fee to cancel. I could understand the charge if I was only going to cancel my policy as they have to recover the wasted time cost of installing a blackbox in my car. There is no charge to deactivate it if you choose not to renew with Admiral.
Just tell your insurance provider that you want to cancel and theyll arrange it for you. But you are likely to incur costs which increase if you cancel your cover outside of the initial 14-day cooling-off period when you first buy. However I will be taking out the same black box policy with the same provider instantly.
Your insurance provider will often charge a. When you cancel youll get the rest of your premium refunded minus another charge for the time youve been insured. I had to cancel Admiral car insurance with about 8 months left on the policy got stung for a 75 admin fee but got it deducted out the refund as I had paid in full for the year JB8 381 posts 111.
Car insurance cancellation fees are around 50. Almost half 44 of the policies charged pro-rata for the days insured and levied an admin fee on top. Admiral for example charges 25.
How much it costs you to cancel your car insurance or whether it costs anything at all depends on a range of factors. Admiral Car Insurance Not Renew 2021. These vary among different insurers.