If you took out the insurance through a broker they may also charge a cancellation fee.

Is there a fee to cancel car insurance. You are not compelled t renew so there are no charges involved if you decide not to stay with your current Insurance company. You usually wont pay a cancellation fee when canceling your car insurance but it depends on the insurer. 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.

Compare the cost of the new policy to the cost of the one you want to cancel. You may be surprised by how many insurance agents cite a penalty without even knowing its cost. The total cancellation cost is usually higher with monthly car insurance than it is if you pay for your insurance up-front.

If you do cancel monthly car insurance you need to contact your insurer and let them know you want to cancel. Cancellation fees may be deducted from your pro-rated refund amount. Yes you can cancel your insurance policy at any time.

Most car insurance companies do not charge cancellation fees. Insurance providers anticipate a full year of payments when providing car insurance to you and may charge for your change of heart. But be aware that some car insurance policies do.

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. It could be 20 500 or any other estimate. You will not pay any type of fee to cancel your policy.

Fees or cancellation penalties can range from as low as 2500 to as high as some percentage of your overall premium. Some Admiral policies cost more to cancel. Most companies that charge a fee bill you for 50 or 10 of your remaining premium if you need to cancel before your renewal.