The refund amount will depend on the auto insurance companys refund policies --.

Will i get a refund if i cancel my car insurance. You have 21 days from when your policy begins or is renewed to change your mind. The good news is yes it is possible to cancel your car insurance policy and get a refund. Determining your insurance needs.

State laws can determine if a fee is allowable and if so it is up to the. Receiving an insurance refund will largely depend on why youre canceling the policy and how much of the premium you paid in advance. In this case its better to take care of cancellation over the phone so that you can verify whether or not youre entitled to a refund.

This free look period allows you to review the policy to make sure it meets your needs. If you are entitled to a refund your insurance agent or company will inform you of that at the time of cancellation. Depending on the car insurance company canceling your policy before the end of its term may result in a cancelation fee.

If you cancel your plan before the six months pass you may be able to get a refund. Your car has been stolen - Hopefully it will never happen to you. For example if you have a 1-year policy with a premium of 1000 that has been fully paid to the insurance company and you wish to cancel 200 days into the year you will have 165 days remaining on your policy.

You can get a refund if you cancel your car insurance but how much youll get depends on when you cancel and how you pay. If you are canceling a car insurance policy before it expires you might be entitled to a refund. Your refund or return premium would be calculated as 165 days divided by 365 days in a year times 1000 resulting in a return premium of 45205.

The refund amount will depend on the auto insurance companys refund policies -- many charge a fee for early cancellation -- as well as state laws regarding auto insurance premiums. If you cancel within this period and havent made a claim you can get a full refund. Generally you might be entitled to a car insurance refund if you cancel your car insurance policy mid-term or if there are changes to your situation such as driving significantly less because of.