Youll usually have to serve out the rest of the month and pay a fee of 30-40.
Is there a fee to cancel your car insurance. How to cancel your car insurance policy. 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. If you cancel within the first 14 days the fee might be lower or there might not be a fee at all.
While the insurance company will end up cancelling your policy future companies may also identify you as a high-risk driver. But there are times where there may be some fees involved in order to cancel the coverage. Your Autoplan broker can answer any questions you have about your cancellation.
Is It Bad To Cancel An Insurance Policy. Insurance providers anticipate a full year of payments when providing car insurance to you and may charge for your change of heart. Yes you can cancel your insurance policy at any time.
All you have to do is contact your insurer and tell them you want to cancel your policy. Your provider takes out a cancellation penalty fee from your refund for cancelling early. Call 800 841-1587 to speak with a friendly licensed agent.
The good news is that fees are usually not charged for a standard cancellation but policies vary. 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. But be aware that some car insurance policies do.
If prompted to speak to the Interactive Voice Response IVR. As a result your new provider may charge you much higher premiums to account for their risk. The Insurance Companys Viewpoint.