How to cancel Admiral car insurance | Fees & refunds explained (2024)

FAQs

Do you get a refund if you cancel insurance? ›

If you paid your premium in advance and cancel your policy before the end of the term, the insurance company must refund the remaining balance in most cases. Most auto insurers will prorate your refund based on the number of days your current policy was in effect.

Cancelling a car insurance policy with Admiral is relatively straight forward and you'll be able to do so either online or over the phone. The issue is that whether it's inside or outside of the cooling off period, you'll be charged a cancellation fee, which can be a real hit, especially if you had a telematics policy.

You shouldn't have to pay a cancellation fee, although some companies may try to charge you. You do, however, have to pay for the days you've been insured. If you paid for the policy in one lump sum, you should get the rest of your money back. Your insurer might deduct the cost of the days you were insured.

Insurance refunds are typically issued through the same payment method you use to pay for your insurance. So, if you pay your premium with a check, you'll usually get your refund in the form of a check too. Likewise, if you pay with a credit card, your refund will appear as a credit on your card balance.

The majority of car insurance policies allow refunds for cancelled policies. After selling the vehicle being insured, simply contact the insurance company and request a refund on the balance of your policy. Insurance companies often require cancellation requests to be in writing.

Customers don't need to do anything as the payments are being processed automatically. If the payment fails for any reason, Admiral will send a cheque instead. In its message to customers, Admiral said: "You don't need to contact us or do anything at all, your refund should be with you within the next 14 days.

Yes, you can cancel your car insurance at any time. Before you do, it's a good idea to check with your insurer regarding their cancellation policy. Some companies require a notice period or apply cancellation fees.

Email your insurance provider to cancel if you can't get through on the phone. If your policy is up for renewal, emailing your insurer before the renewal date to inform them that you do not want to auto-renew and have found a policy elsewhere should suffice.

Does Admiral have a cooling-off period? ›

Cancellation after 14 days

If you cancel after the 14 day cooling-off period, but before your cover ends, EUI Limited will charge to cover set up and cancellation costs. We'll also charge for the time on cover – if you've made a claim the full price for the year will charged.

It's entirely legal for insurers to auto-renew your car insurance contract but by law, they must tell you: Last year's price - so you can easily compare it to your new premium. To check your cover and to shop around for the best deal - if you've renewed four times in a row, they need to encourage you to shop around.

Cancelling a direct debit does not cancel your insurance policy. If you do this you will still owe your insurer the premiums. You must contact your insurer to cancel the policy. Some policies are automatically renewed each year.

Cancelling your car insurance policy shouldn't affect your credit score, whether you pay monthly or annually. As long as you cancel it properly. If you pay monthly, you can't just cancel your direct debit. You'll need to tell your insurer you want to cancel and pay any admin fees.

You'll usually get a refund on your optional extras, minus a bit for the time you've been covered, and any cancellation fees you have to pay. But you won't get a refund if you've already used it. Like car insurance, optional extras tend to renew automatically.

On average, you should prepare yourself to wait 2-4 weeks for your premium refund from an insurance company. Let's face it. The average human being (or company, for that matter) is not in a terrible hurry to return your money after you've told them to take a hike.

Insurance Refund means any refund resulting from the cancellation or termination of any Forced Placed Insurance, regardless of whether such refund is received prior to or after Closing.

You can cancel your auto insurance policy whenever you want. If you're keeping your car, you should arrange for other insurance first to avoid a lapse in coverage. Virtually every state requires drivers to have at least a minimum amount of insurance coverage.

The insurance carrier usually makes the overpayment, but sometimes the patient makes it. In either case, it is important that the overpayment be promptly returned to the appropriate person or payer. If a patient pays more than they are required to, the patient must be notified as soon as the overpayment is discovered.

Definition of 'cancellation fee'

A cancellation fee is a sum of money you must pay if you cancel a hotel reservation after the cancellation deadline. The hotel will not charge any cancellation fees if you cancel your reservation up to two weeks in advance.

Does Admiral automatically renew? ›

We automatically renew your policy in order to offer continuous cover on your vehicle so you don't get left without insurance.

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. Again this depends on how long is remaining on your policy and the terms set out by the insurer. It's worth a call to ask.

If your policy is active we can't stop your payments altogether but we can suspend them for 28 days and take the payment next month alongside your existing instalment.

When your car insurance policy is cancelled, it usually stays on your insurance record for about five years, but it can be longer. This could result in you needing to get high-risk car insurance, which comes with higher-than-average premiums.

With most insurers, you can call an agent, send a written notice or cancel in person. Most car insurance companies won't let you cancel online.

You can switch car insurance companies at any time. This includes the day you start coverage and even when you have certain open claims. You also won't be penalized for switching multiple times in one year. We recommend shopping around for coverage at least once per policy term to make sure you have the best price.

Remember to cancel your old auto insurance policy

After you purchase a new policy, you should immediately contact your former insurer and cancel your old policy. You'll receive a refund for any unused portion of your policy.

How long does voided or cancelled insurance stay on my record? There is no set time that a cancelled insurance policy will stay on your record for. Some insurers may only request your insurance information for the last 5 years. Others may require you to share your history going further back than that.

Can I cancel my car insurance before it starts? You can cancel your insurance policy within the 14-day cooling off period before your policy is in effect, and typically receive a full refund. Some car insurers will still charge you an administration fee, although this isn't always the case.

Most policies renew automatically if you continue to have a good driving record and you make your payments. While there certainly can be instances where no action is required, too many drivers fail to review the information. Automatic renewals are easy, but it could also be costing you money.

Do insurance companies have to notify you of renewal? ›

The insurance company must also contact you 30 days before your insurance is due to end and tell you that they will renew the contract unless you tell them not to. If you don't receive this notification, you should be able to cancel your insurance without paying a charge.

You start a new cooling-off period when you renew

Most car insurance policies renew automatically. If you decide to stick with your insurance company when it's time to renew, you'll start a new cooling-off period. During this new cooling-off period, the same rules around cancellation fees apply.

No claims discount (NCD) is awarded for each full year of insurance, so if you cancel mid-way through the year your no claims discount will not increase.

Can I cancel my car insurance if I pay monthly? Yes. Plenty of people choose to pay their car insurance monthly, and there's nothing to stop you from cancelling. Just tell your insurance provider that you want to cancel and they'll arrange it for you.