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Why is there a cancellation fee for car insurance. When you do it its fine. Some Admiral policies cost more to cancel. Reduce The Cost Of Your Car Insurance By Comparing Policies At MoneySuperMarket Today.

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The total cancellation cost is usually higher with monthly car insurance than it is if you pay for your insurance up-front. Short-rated cancellation policies take a certain amount out of the refund as a penalty for early cancellation. We Are Specialists In Temporary Car Insurance Its All We Do.

This could be because youve not kept up with your payments or youve violated the terms of your policy somehow. This fee is routinely around 50 though it varies by insurer. There are a few reasons why your insurance provider might cancel your car insurance policy.

However if your policy has been active for longer than that youre likely to have to pay a cancellation fee and the cost for the time youve been insured pro-rata. Cancellation fees are charged when you decide to end your policy before its official end date. 3 Year Fixed-Price That Includes Legal Protection As Standard And Much More.

Ad Compare Over 100 Car Insurance Brands and You Could Save up to 235 With Us. If you took out the insurance through a broker they may also charge a cancellation fee. Most insurance companies will give you a 14-day period to cancel once your policy starts known as a cooling off period.