800,000+ customers
27 locations
92% recommend us
Home Blog Car How long are you stuck with car insurance?

How long are you stuck with car insurance?

Apr 06, 2017
2 min reading time

Car insurance is a contract between you and the insurer. Both parties can hold each other to the contract, but there are options for canceling auto insurance.

Since 2010, car insurance policies are no longer tacitly renewed. After the insurance has run for one year, the insurance is renewed again, but the insurer must notify you before renewal. Subsequently, the renewed contract can be terminated early.

Car insurance is a one-year contract

After taking out car insurance, you are locked into the contract for one year. In the past, contracts were often signed for several years. This is still possible, but it is not common. After the first year, the insurance becomes cancelable daily. One month's notice may apply. There are insurers where you can cancel the contract even in the first year. The policy conditions will show what applies to your insurer.

What happens when the insured car is sold?

When you sell your car, a different situation arises. The insured object is no longer in your possession, so you no longer have anything to insure. You demonstrate the sale with a certificate of indemnity that you receive when you sell your car. When you sell your car, you can cancel or suspend the policy. When buying another car, chances are you will be better off with another insurer anyway. Canceling your car insurance is the most logical option.

Car insurance termination on car insurance modification

Insurers have included what is called an en bloc clause in policy conditions. This gives insurers the right to make interim changes to the policy terms or premium. For example, the insurer can implement a 10% premium increase for all car insurance policies. This does have consequences. Policyholders can cancel the insurance if the terms and conditions worsen or the premium increases. So even in the first year.

How do you cancel car insurance?

In policy terms, insurers may state that cancellation must be done by registered mail. Often it can be simpler. For example, with an e-mail or a phone call. You can initially go for the cheap solution. For example, you cancel by e-mail and a few days later you call the insurer to ask if the cancellation has gone through. Even a phone call can be enough.

We can be reached via Chat, Whatsapp, phone or email

Please feel free to contact us if you would like to know more.
We are here today until 18:00

get in touch