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Is there a cancellation fee for car insurance. Let us Help You Save Money and Get a Better Deal. When we checked Defaqto 81 of policies charged a cancellation fee with half of them charging 40 or more. But you will be charged for the time when the policy was active and you may also have to pay an administration fee so check the terms and conditions of the policy.

Something to consider is what happens if you cancel part way through your term such as four months into a 12-month policy. Ad Compare Car Insurance at MoneySuperMarket. 96 of customers recommend us.

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. Our Price Index Shows Car Insurance Premiums Fell 105 - Did yours.

Along with the standard cancellation fee you might be charged a percentage of the total policy cost. Under the law the fee has to be reasonable but can still vary greatly from provider to provider. A typical car insurance policy will last 12 months but you can cancel it at any time.

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. Ad Whether Rain Or Shine Well Have Your Car Insurance Covered. 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.

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. How much does it cost to cancel car insurance. 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.