Why cancel car insurance?
In a world as competitive as insurance, it’s only natural to want to save money on your car insurance bill. Household insurance is a significant expense, and reducing your monthly payments ultimately increases your purchasing power. Cheaper car insurance that offers good coverage is enough motivation to consider switching insurers mid-term.
To modify your guarantees
In a driver’s life, everything can change quickly: the acquisition of a new vehicle, new driving habits, or even the addition of a new driver. And sometimes, the coverage initially chosen proves insufficient, or no longer meets the needs of policyholders, which inevitably evolve over time. That’s why changing your car insurance allows you to find a deal with options that are more relevant to you, your loved ones, and your car.
Because you are not satisfied
If you feel that your insurance company has not compensated you properly, or that the services offered do not meet your expectations, or that you are paying too much for what you have, you will turn to the competition in search of a better quality service.
The first thing to do is to review your current offer, the general conditions of the insurance contract and its exclusions to know exactly how you are covered.
Next, visit the lesfurets car insurance comparison site to compare the rates, coverage, and exclusions of hundreds of offers. Be honest about your profile and background when filling out the online questionnaire: any false statements could invalidate your future policy.
Finally, compare as many quotes as possible before choosing car insurance . In fact, in addition to criteria related to the vehicle and the insured, criteria specific to each insurer’s business strategy also play a role in calculating the cost of car insurance.
Some insurers are more favorable to young drivers, while others offer more attractive deals to drivers with a bad driving record, senior citizens, or even owners of high-end cars.
Historically, it was possible to cancel your car insurance on the contract’s anniversary date by giving one month’s notice. Since the Chatel Law of 2005, your insurer is required to remind you by mail of your right to cancel before this expiry date approaches.
To assess the risk changes resulting from your new situation, ask your insurer for a quote tailored to your new needs. If your change in circumstances impacts your premium amount, you can cancel your contract within 3 months without waiting for its expiry date. The contract will end within one month of receiving your cancellation request (by registered letter with acknowledgment of receipt).
Since the Hamon Law, also known as the Consumer Law, came into effect in 2015, you can cancel your car insurance policy at any time, without giving a reason, once the first year of coverage has passed. Please note that this cancellation is free of charge, and your insurer cannot charge you any fees.