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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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โˆ™ 2010-03-01 21:30:16
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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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Yes, if you cancel your home insurance policy mid term you would be entitled to the unearned portion of your premium payments.


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No, the insurance company will not cancel your insurance for having three accidents, but they will increase your insurance premium.


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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.


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