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This depends on your terms and conditions,but in general any unused premuim can be returned or tranfered to another car.

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Q: What percentage of my premium will be returned if I cancel car insurance?
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Can the insurance company charge you to cancel your insurance?

Yes! They can charge you a cancellation fee that is either a flat rate or is a percentage of your total annual premium calculated based on when you cancel. Lots of insurance companies do this although some only charge you to cancel within the first year


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Return of premium term insurance deals with the ability to get your money back if you cancel mid-term. Most companies will give a pro-rata return.


If you cancel a home insurance policy is there any money to be paid back to you?

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