How to cancel car insurance early

How to cancel car insurance early

How to cancel car insurance early

How to cancel car insurance early, It may be the case that we want to cancel our car insurance before the expiration date of our policy, that is, without having to wait for it to end. In general, there are three reasons why you can cancel your car insurance before that date arrives:

If the insurer modifies the contract

If the insurer modifies the contract that was signed at first, you can cancel the car insurance in advance. That is if the insurer makes changes to the price of the insurance or modifies or eliminates any of the initially included coverages.

If your company makes any changes to the contract with which you do not agree, it is not necessary to notify your decision to unsubscribe 30 days in advance. The insurer is obliged to notify any type of change in your contract. At the time it does, you have up to 15 days from the time you receive the notification to accept or reject the new contract.

The driver reduces the risk

That as a driver the risk is reduced, is another situation in which it is possible to cancel the car insurance in advance. We explain ourselves: each driver pays a different amount depending on the risk he has driven. For example, a novice driver will pay more for his car insurance than a person with more experience behind the wheel.

Therefore, if there have been circumstances that have reduced the risk you have as a driver, the premium to be paid will be lower. You must notify your company of this and it will have to change the price of your insurance, reducing it if necessary.

In addition, the insurer must pay the difference between the amount paid and the amount that you would have had to pay from the moment the risk reduction was notified. If the insurer ignores your request and when renewing the policy the price is not lower, you can cancel it within 15 days

If you take out car insurance online

If you take out car insurance over the Internet, you have a period of 14 calendar days to cancel it. You must notify your insurer by certified letter or other support that records that the cancellation has been requested. The insurance company, as long as it is within the established 14-day period, may not impose any financial penalty.

In general, if none of these conditions are met and you want to cancel your policy before it expires, the consequences will depend on the company with which you have contracted your policy. 

If you are dissatisfied with the service provided to the point of wanting to cancel your policy and assume those consequences, at we help you improve the conditions of your insurance.

Because by making a comparison in our car insurance comparator you will be able to consult the policies of 30 different insurers and check both prices and coverage included, advantages of the company compared to the competition, the assessment of our experts… And thanks to the free advice that we offer you, this time you will be right with your choice.

Common cases for which we cancel the policy

There are a number of common cases in which we want to cancel our car insurance. The most frequent is that we buy a new car or that we sell the old one. We describe each of them.

  • 1. Purchase of a new car: in these cases, the insurance companies transfer the insurance from one car to another. Since the policies and their prices vary depending on the vehicle, the company proceeds to update the coverage for the new vehicle. Thus, the price of the premium can increase or decrease. If you are not happy with the price they offer you to insure your new car, try our comparator: you can save up to 50% on the insurance premium because we guarantee the best prices on the market.
  • 2. If we sell or cancel our car: some companies offer the possibility of freezing the policy for a certain period of time, in order to transfer it to the new vehicle if the purchase is made. Thus, in the event that the client does not buy a new car, or decides to take out a policy with another company, the first insurer will not normally return the amount already paid and the amount that remains to be paid.
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