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In most states, companies are required by law to give you a pro rata refund, that is give your money back for the time remaining on your policy.

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16y ago

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If I cancel my insurance, will I receive a refund?

If you cancel your insurance policy, you may be eligible for a refund of any unused premium that you have already paid.


If I cancel my insurance policy, will I receive a refund?

If you cancel your insurance policy, you may receive a refund for the unused portion of the premium you have already paid.


How can I cancel my insurance policy and request a refund?

To cancel your insurance policy and request a refund, you should contact your insurance provider directly. They will guide you through the cancellation process and inform you about any refund you may be eligible for. Be prepared to provide your policy details and reason for cancellation.


How does the insurance company calculate the amount of premium to refund when a policy is cancelled?

Insurance premiums are calculated for the year. If you cancel your policy refunds are usually issued retroactively. So if you cancel your insurance 6 months into your policy, you wil be refunded for the remaining 6 months. It is usually calculated to a daily value, so you will get a refund for the remaining days left in the year. However, it is up to the insurance compant on what their refund policy is. Some companies will have a cancelation policy of 1 months cost of insurance if you cancel your policy. Most companies however have no fee.


Is it possible to receive a refund on insurance?

Yes, it is possible to receive a refund on insurance if you cancel your policy before it expires or if you have overpaid for coverage. Refunds are typically issued for the remaining unused portion of the premium.

Related Questions

Is it legal for a insurance company to auto renew an liability insurance policy in Connecticut?

I don't think it violates Connecticut insurance regulations. But you should be able to cancel the policy and get a pro-rated refund or full refund.


If I cancel my insurance, will I receive a refund?

If you cancel your insurance policy, you may be eligible for a refund of any unused premium that you have already paid.


If I cancel my insurance policy, will I receive a refund?

If you cancel your insurance policy, you may receive a refund for the unused portion of the premium you have already paid.


If you cancel your insurance the day after it renews do you get a refund?

You should minus a processing fee and one day worth of coverage. Auto insurance policies are written on a pro-rated basis.


How can I cancel my insurance policy and request a refund?

To cancel your insurance policy and request a refund, you should contact your insurance provider directly. They will guide you through the cancellation process and inform you about any refund you may be eligible for. Be prepared to provide your policy details and reason for cancellation.


Can you cancel motorcycle insurance if you sell motorcycle?

Sure, you can. The insurance company should pay you a pro-rated refund after you cancel the policy.


How long does it take to get a refund from Geico after you cancel your insurance?

one year


Can you cancel auto insurance if you are not driving?

If you don't own a vehicle, or have no intention of driving, you do not have to maintain auto insurance.


Do you get a refund if you cancel homeowners insurance?

Yes, if you cancel your home insurance policy mid term you would be entitled to the unearned portion of your premium payments.


Who cancels an old auto insurance policy when you change to a new policy under a different company?

The policyholder should contact the insurance company and cancel the policy - you might get a partial refund if the premiums are paid up-to-date!


Can you cancel Progressive Insurance in Virginia at any time and get a refund if paid in Full?

Yes, you can cancel any policy at any time, and expect a refund for the used portion of premium paid.


How do you Cancel Home Owners Insurance and get a refund on remaining insurance due to home sale?

When you call you insurance company to cancel, they may want the request in writing...this is helpful if you have an agent, because you can just pay them a visit. The refund from unearned premium should be sent to you within a week of cancellation