When buying car insurance you can choose to pay the premium either as an annual sum or through monthly instalments.

Do i get money back for cancelling car insurance. Generally speaking if you cancel within the first 14 days most insurance companies wont charge a fee for cancelling but be aware that some will. Most insurers will not offer a refund if you are cancelling with only two months to go so if you are that far into your policy it will usually be cheaper to just see it through to the end. Since you pay for coverage upfront youre entitled to a refund of your unused premiums after the cancellation is processed.

43 rows If you paid your car insurance annually upfront then you may get money back. You can cancel the insurance on the existing car if you wish. Youll automatically get a refund cheque for any full months left on your vehicle tax.

Just bear in mind that you wont automatically get your money back and your insurance provider may charge you a cancellation fee. There is no set time that a cancelled insurance policy will stay on your record for. If your cancellation relates to standard car insurance call Admirals customer service team on 0333 220 2000.

There will be a deduction from the amount you paid depending on how long you have been insured. Your existing car insurance. If youve already made a claim in the first 14 days your insurance company can deduct the sum paid out from the refund of the premium.

However if your policy has been active for longer than that youre likely to have to pay a cancellation fee and the. This means you wont get any refund if youve paid up front and if you pay monthly youll have to pay for any remaining cover as one lump sum. Depending on when you do you may have to pay a cancellation fee and you might not get all your money back.

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. You wont get a single penny back should you cancel early. The opening hours are.