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.
The personal auto insurance cancellation fee. Some insurers didnt charge cancellation fees at all while others were as high as 300. If your motor insurance policy is cancelled after the 14-day cooling-off period we will charge a pro-rata refund based on the time youve been covered by us plus a cancellation fee of 5250. If you took out the insurance through a broker they may also charge a cancellation fee.
If you cancel your car insurance early your insurer will usually charge a fee. If there is a cancellation fee it can vary from 25 to 50 up to a percentage of the remaining premiums left. If you are paying by monthly instalments your instalments will end but you may not receive a return of premium and may be required to pay an additional amount for the time you have been covered.
Something to consider is what happens if you cancel part way through your term such as four months into a 12-month policy. The 14-day cooling-off period starts when you receive the. Where we need to cancel your policy because youve not sent us information weve asked for or what youve provided isnt correct.
Cancellation fees are charged when you decide to end your policy before its official end date. You usually wont pay a cancellation fee when canceling your car insurance but it depends on the insurer. 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.
Under the law the fee has to be reasonable but can still vary greatly from provider to provider. Yes if you cancel and transfer your car insurance within the 14-day cooling-off period youre entitled to a refund minus any days the policy was active for. 84 of comprehensive car policies didnt charge a duplicate document fee.
Most companies that charge a fee bill you for 50 or 10 of your remaining premium if you need to cancel before your renewal. Car insurance cancellation fees 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. 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.