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.
Is there a fee to cancel your car insurance. If youre on a payment plan try to cancel at least one day before your payment is due. But yes there will be a cancellation fee if you cancel your policy early. Cancelling your car insurance isnt hard.
18 rows Most car insurance companies do not charge cancellation fees. If you cancel within the first 14 days the fee might be lower or there might not be a fee at all. Call 800 841-1587 to speak with a friendly licensed agent.
The Insurance Companys Viewpoint. But be aware that some car insurance policies do. Yes you can cancel your insurance policy at any time.
But they can make it difficult to cancel by charging a fee for ending you policy early. If there is a cancellation fee it can vary from 25 to 50 up to a percentage of the remaining premiums left. Just follow the steps below.
If you want to cancel your policy GEICO makes it easy with no cancellation fee. But its still better than sticking with an insurer that youre not a fan of. This is why it is always recommended to check the fine print in your car insurance policy before signing on the dotted line.
Is It Bad To Cancel An Insurance Policy. When you cancel youll get the rest of your premium refunded minus another charge for the time youve been insured. Insurers cannot charge you a cancellation fee if you choose not to renew an expired policy.