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.

Is there a cancellation fee on car insurance. The cost of cancelling your car insurance policy varies considerably it can be free for some people but others may be subject to an admin or cancellation fee. Others charge a short rate fee of 10 which means you need to pay a 10 fee on the remaining policy you signed up for. How much does it cost to cancel car insurance.

Just bear in mind that you wont automatically get your money back and your insurance provider may charge you a cancellation fee. 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. If Nothing Changes Neither Will Your Price.

Some Admiral policies cost more to cancel. Something to consider is what happens if you cancel part way through your term such as four months into a 12-month policy. Plug Drive policyholders pay 105 to cancel reduced to 75 during the first 14 days and LittleBoxSafe Driver policyholders pay a 155 cancellation fee reduced.

Some insurers didnt charge cancellation fees at all while others were as high as 300. If Nothing Changes Neither Will Your Price. So you can generally avoid fees by waiting until the end of your policy and then switching to another insurer.

But be aware that some car insurance policies do include a renewal fee especially those from online brokers. 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. However some insurers charge a flat cancellation fee of 50.

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. Along with the standard cancellation fee you might be charged a percentage of the total policy cost. Ad Whether Rain Or Shine Well Have Your Car Insurance Covered.