Just as purchasing a car insurance policy should be an informed decision cancelling a car insurance policy.

Do i get a refund if my car insurance is cancelled. The sooner you cancel the licence plates and insurance the more youll get back if a refund is due. The following guide will introduce you to the main reasons for cancelled car insurance and other useful information related to this topic. The insurer gave no reason leaving them in a tricky situation We asked other insurers what they would do By Grace Gausden For This Is.

To determine the review period for your state inquire with the Allianz Global Assistance team well tell you how to do so in a bit. This could be for a variety of reasons though its likely to be one of three. Insurers take in many factors when deciding whether they can insure a driver and address is a major part of that.

Most major carriers will. How to get your money back You can cancel an extended warranty at any time and youll get a prorated refund for the unused portion of your policy. Determining your insurance needs.

Why your insurance might have been cancelled. If you paid your premium in advance and cancel your policy before the end of the term the insurance company must refund the remaining balance in most cases. If you think your car insurance was cancelled wrongly or unfairly you can make a complaint to the insurer or at the least gain a final reason for cancellation ahead of doing that.

You wont have to pay any fees if your insurer cancels your policy but you wont get a refund either. This free look period allows you to review the policy to make sure it meets your needs. Your car has been stolen - Hopefully it will never happen to you.

You may also want to see. Reasons why you Might Be Looking for Cancellation of Your Car Insurance Policy - You want to sell your car - In this case you would definitely need to end the old insurance policy take the refunds and buy a new policy which will offer you a better deal. However you need to fulfil certain requirements to do so.