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Can you be charged for cancelling car insurance. During these two weeks you can cancel your policy for any reason. When you cancel youll get the rest of your premium refunded minus another charge for the time youve been insured. 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.

FOS says insurers can charge a pro-rata premium for the time on risk in your case a day plus an admin fee which has to be proportionate to the cost of cancelling the contract. If you do cancel monthly car insurance you need to contact your insurer and let them know you want to cancel. As long as you know the terms surrounding your car insurance policy you can avoid having to pay a large fee when you cancel.

But be aware that some car insurance policies do include a renewal fee especially those from online brokers. We Are Specialists In Temporary Car Insurance Its All We Do. Ad We Offer Reduced Prices To People Living In Your Area - Get An Online Quote And Check.

The total cancellation cost is usually higher with monthly car insurance than it is if you pay for your insurance up-front. If you cancel your car insurance early your insurer will usually charge a fee. The fees below are for our services and each fee is non-refundable.

But its important to be aware that potentially high cancellation. If you cancel your policy after the initial cooling off period you can expect to receive a pro-rata refund for the time still remaining on your contract. However some motorists are unaware that if they choose to cancel their direct-debit it does not in turn cancel their insurance policy and as a result they still owe the remaining premium.

Most insurance companies will give you a 14-day period to cancel once your policy starts known as a cooling off period. 43 rows You can cancel car insurance after auto renewal but youre likely to be. If you do this you should receive a refund of any premiums youre paid minus any days when the policy was in force.