And if you took out your car insurance policy via a broker be aware that the broker could charge you a cancellation fee as well as the insurance provider.
Is there a cancellation fee for car insurance. Let us Help You Save Money and Get a Better Deal. There could also be other charges like an extra admin fee. The total cancellation cost is usually higher with monthly car insurance than it is if you pay for your insurance up-front.
Ad Protect The Things That You Value The Most With Direct Line Tenants Cover. The cost of cancelling your car insurance policy varies considerably it can be free for some people but others may be subject to an admin or cancellation fee. Some Admiral policies cost more to cancel.
When we checked Defaqto 81 of policies charged a cancellation fee with half of them charging 40 or more. A typical car insurance policy will last 12 months but you can cancel it at any time. Get A Free Quote In Minutes.
Recommended by 938 Of Users. So you can generally avoid fees by waiting until the end of your policy and then switching to another insurer. Yes if you choose to cancel your car insurance policy within the 14-day cooling-off period it is a legal requirement that youre granted a refund.
96 of customers recommend us. Just bear in mind that you wont automatically get your money back and your insurance provider may charge you a cancellation fee. Cancelling after the cooling-off period If you cancel your insurance policy after the cooling-off period you might have to pay a cancellation fee.
43 rows To cancel a standard Admiral car insurance policy youll need to pay a 55 cancellation fee which is reduced to 25 if you cancel during the 14-day cooling off period. But be aware that some car insurance policies do include a renewal fee especially those from online brokers. Ad Compare Car Insurance at MoneySuperMarket.