Car Insurance Cancellation
All car insurance companies are great at giving you every reason why you should choose them for your new motor policy. Understandable and fair enough as one should point out that all businesses exist to win new customers and turn a healthy profit. Your motor insurance cover provides you with extra protection if things go wrong. However, you may at some point decide that you no longer want or need your car insurance policy. See below for some great Internet resources to help you make the right decisions.

If you are actively searching for a new cheap car insurance quote, and looking to SAVE money on your next policy then click through to the HomeApproved home page and you will find the relevant get a quote buttons at the top of the page.

Knowing when you can cancel your car insurance will make sure your vehicle is covered for the right amount of time. Assuming you know how to cancel your car insurance only leaves the question of when to cancel. It is worth pointing out, although most of us will already know that terms and conditions for the cancellation of your car insurance policy is something found more often in the small print of policy documents!

Should you decide that you no longer wish to renew or continue the relationship with your current car insurer then there are things you need to know to ensure the cancellation process is followed correctly.

In fact a very recent development concerned Esure having to make changes to it’s home and motor insurance cancellation terms after FCA intervention on 24 September, 2013. It was found that Esure policy terms and conditions were likely to breach consumer contracts rules.

The FCA said two of Esure’s terms and conditions gave it too much discretion to cancel a customer’s policy and were likely to be unfair under the Unfair Terms in Consumer Contracts Regulations. Esure’s policy documents had included cancellation terms that allowed it to cancel a car insurance policy at any time, with seven days’ notice in writing, without having to explain why.

A very useful resource to read more about the procedures for cancelling during the cooling off period and cancelling your motor period after the cooling off period can be found on the website of the Citizens Advice Bureau. See below for three useful consumer information Websites (copy and paste into your browser bar):

• www.which.co.uk/consumer-rights/problem/can-i-get-a-refund-if-i-cancel-my-insurance
• www.financial-ombudsman.org.uk/publications/ombudsman-news/54/insurance.htm
• www.adviceguide.org.uk/england/search/index-england-a/index-england-i.htm