How to Cancel Car Insurance?
3 Answers
The first method is the change of policyholder. This method is very simple, as the vehicle completes the transfer at the vehicle management office. To apply for cancellation, you only need to pay the premium from the start of the insurance to the time of cancellation, and the insurance company will refund the remaining premium accordingly. If you choose to transfer used car insurance, the required materials include filling out a car insurance transfer application form, and both the old and new owners need to be present. Transfer the existing insurance to the new owner. The insurance transfer process should be completed after the change of owner information in the 'Motor Vehicle Registration Certificate' and the collection of the vehicle license plate.
As an experienced driver, I once canceled my car insurance when changing vehicles, and the process was quite straightforward. First, call the insurance company's hotline to explain the reason for cancellation, such as selling the car or switching providers. The customer service will send an electronic application form, where you fill in details like the license plate number, personal information, and the cancellation date before submitting it. Choosing the right cancellation date is crucial—doing it too early might incur penalties. Last time, I scheduled it for the day before my new insurance took effect, saving some fees. After submission, the insurer reviews the request and processes the refund within three to five days, deducting administrative fees from the remaining premium. Once canceled, don’t forget to promptly enroll with a new provider to avoid driving illegally. The whole process took me less than a week and felt smooth. I recommend not delaying to prevent affecting next year’s discounts.
As the head of the household, to save money for my child's education fund, I decided to cancel the insurance on an old car. The first step in the process was to check the insurance company's official website or app to find the online cancellation portal, where I directly uploaded photos of the vehicle registration and ID card. When filling in the date, I chose to cancel near the policy expiration date to minimize the handling fee. After cancellation, I could get a partial refund, which usually arrives within two to three business days. However, canceling insurance shouldn't be done recklessly. For example, if I cancel and then realize the risk of being uninsured for a new car is too high, I need to have a replacement plan ready in advance. It also affects future insurance rates—this time I saved about a thousand yuan, but my next premium might be slightly higher. I recommend everyone to promptly arrange new insurance after cancellation to ensure the family's safety.