Table of Contents
What do I do if I want to cancel my car insurance?
Insurance companies require policyholders to give a written notice when cancelling your car insurance. These days, you can easily do so online by submitting the required documents (refer to the website of your existing insurer). Alternatively, you can send in your documents by mail or through your agent.
What happen if you cancel a insurance policy?
You should get a refund of any premiums you have already paid. However, your insurer may take off a small amount to cover days when the policy was in force. They may also charge you a small administration fee. Some insurers may give you a longer cooling-off period.
What is the best way to cancel an insurance policy?
Canceling your term policy couldn't be easier: just stop paying your premium and write a letter or call your insurer to let them know you are canceling the policy. Check the website of your insurer, too — there may be a form there you can fill out to terminate your policy.
Is it easy to cancel an insurance policy?
Canceling your term policy couldn't be easier: just stop paying your premium and write a letter or call your insurer to let them know you are canceling the policy. Check the website of your insurer, too — there may be a form there you can fill out to terminate your policy.