Sometimes your insurance agent or an insurance representative can calculate the refund amount immediately. If you can’t get the exact dollar amount from your agent at the time of your policy change, you will usually be able to get an exact answer within a couple of days of the change request. Car Insurance Refund if You Pay Monthly
How much of a refund Am I entitled to for car insurance?
How much of a refund you’ll be eligible for depends on a number of factors, including the time remaining on your policy and the conditions set by the insurer. If you make a change to your car insurance policy to cut down the costs — for example you’ve added a different car which is less to insure — you could be entitled to a refund.
How will my insurance premium refund be calculated?
Insurers will calculate your premium refund on a short rate versus a pro-rata basis. Our Insurance Rate Cancellation Calculator will help you get a better understanding of how much insurance premium refund you can expect to. We always recommend confirming this with your insurance provider before cancelling. Looking for a quote?
How do I get a refund from my car insurance company?
Getting a refund is as simple as calling your insurer, stating your reason for cancellation and waiting for any refund you may be entitled to. How long it will take to come through will vary between insurers, but it’s always worth asking them. Can you get a refund on unused car insurance?