If youre within 14 days of your policy start date you can cancel your policy for free.

Is there cancellation fee for car insurance. Ad Reduce The Cost Of Your Car Insurance By Comparing Policies At MoneySuperMarket Today. 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. Most car insurance companies do not charge cancellation fees.

Insurers cannot charge you a cancellation fee if you choose not to renew an expired policy. Just bear in mind that you wont automatically get your money back and your insurance provider may charge you a cancellation fee. If Nothing Changes Neither Will Your Price.

Something to consider is what happens if you cancel part way through your term such as four months into a 12-month policy. Cancellation and cooling-off cancellation fees If you decide you no longer want your policy even within the 14-day cooling-off period your insurer may charge you a fee. If you cancel you should get a refund of any premiums youve already paid but the insurer can charge to cover days when the policy was in force plus an admin fee.

If you are subject to cancellation fees they usually cost around 50 according to temporary car insurance provider Cuvva. 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 Admiral policies cost more to cancel.

There could also be other charges like an extra admin fee. However some insurers charge a flat cancellation fee of 50. The total cancellation cost is usually higher with monthly car insurance than it is if you pay for your insurance up-front.

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. We Dont Just Compare We Cut Prices To Get Better Car Insurance Deals. 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.