What to do after canceling car insurance

Another issue that you should know is how to act after canceling the car insurance or, better yet, while you are doing it. And it is none other than hiring a new car insurance. Mainly because car insurance is mandatory (even if you don’t use the car and have it stopped on the street). Otherwise, you will be unnecessarily exposing yourself to many risks.

To get your new policy you can enter our comparator. Also, if you still have the current car policy in force, we will help you cancel it. You will have the help of an expert advisor who will provide you with all the necessary documentation and will make it very easy for you. What are you waiting for? We call you without obligation.

Common cases for which we cancel the policy

There are a number of common cases in which we want to cancel our car insurance. The most frequent are that we buy a new car or that we sell the old one. We describe each of them.

  • Purchase of a new car: in these cases the insurance companies transfer the insurance from one car to another. Since the policies and their prices vary depending on the vehicle, the company proceeds to update the coverage for the new vehicle. Thus, the price of the premium can increase or decrease. If you are not happy with the price they offer you to insure your new car, try our comparator: you can save up to 50% on the insurance premium, because we guarantee the best prices on the market.
  • If we sell or cancel our car: some companies offer the possibility of freezing the policy for a certain period of time, in order to transfer it to the new vehicle if the purchase is made. Thus, in the event that the client does not buy a new car, or decides to take out a policy with another company, the first insurer will not normally return the amount already paid and the amount that remains to be paid.

Frequent mistakes when canceling or canceling your car insurance

One of the most repeated mistakes when canceling our car insurance is to stop paying the company bills. Many people believe that stopping paying the amount of the policy is the easiest way to cancel it. However, doing this means that the company can generally proceed to:

  • Claim the amount owed judicially if necessary.
  • Include you in a list of defaulters.

In a case like this, the insurer will pass the receipt. If the bank returns it (because the client has decided that he does not want to continue paying for a policy), the insurance company will repeat the operation approximately 15 days later. In some cases, insurers establish a period of up to 60 days for the client to pay the receipt. But, as we have said, it is only about certain cases. There are also companies that, in this type of situation, notify their clients by telephone or by regular mail of the error, with the purpose of finding a solution.

If you stop paying your insurance fee for any other reason (such as financial problems, for example), the insurance company may refuse to provide any service until the amount due is paid. In this case, if, for example, you suffer an accident on the road, your company could refuse to help you if you have not paid the entire amount to be paid. At the time the payment was made, all the included coverages would reapply 24 hours after the payment of the money.

In case you return the receipt to the bank, exempting you from paying it, the insurance company will notify the brokerage. The latter will inform you, in case there has been any problem or error (such as a change of address or bank account). In case the receipt is returned again, the companies can take two positions.

The first, that the insurer sends the receipt to the corresponding brokerage, looking for the latter to try to collect it. Or the second, that the insurer itself claims the amount, cancels the fee or adds you to a list of defaulters.

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