Cancel the car insurance

Picture: cancel the car insurance

Annual cancellation possible

Drivers are well aware that car insurance expires on November 30th every year. can be terminated. The insurance cover of the previous insurance finally expires on 31.12. and the insurance cover of the new insurance begins on 1.1. at midnight.

Every year from October, the car insurers start to draw the attention of drivers to the date with intensive advertising and to convince them of the supposedly cheaper insurance.

Termination as of December 31st, with a reference date of November 30th, is one option for the policyholder. However, there are three other ways to get out of the existing insurance. These are so-called extraordinary termination rights.

If you sell your vehicle, you automatically withdraw from the insurance after deregistering the vehicle. When registering for the first time, the driver again has a full choice on the insurance market. The experienced percentages remain and are transferred to the new insurer.

Termination if there is damage

In the event of damage, both parties have the option of terminating the contract. If the policyholder cancels the insurance himself, he will not necessarily get the annual premium back. In the opposite case, i.e. if the insurer cancels the contract, the insured person receives the annual premium back.

The insured person has the third and last extraordinary right of termination in the event of a premium increase. The contributions are usually recalculated at the end of the year, but the insured often only receive the notices in December or even January.

If the insured person does not want to recognize the increase, he can terminate the insurance by invoking a premium increase.

Read Also: Auto insurance in the event of the sale of a vehicle

Special right of termination

Extraordinary termination can be made:

If the tariffs change after an adjustment of type or regional classes, also with a one-month notice

If society raises contributions without benefit improvement. Notice of termination must be given within one month of receipt of notice.

If contributions are increased after November 30th. Termination is possible until the end of December of the same year

In the event of damage with a notice period of 2 weeks to a month. But you have to be careful here. Termination at the end of the year is preferable here, since the insurance company is usually entitled to the annual premium.

If you change your place of residence, i.e. the vehicle is deregistered at the old place of residence and registered again at the new place of residence

Deadlines

In order for the termination to take place on time, the termination should be made in good time and well before November 30th. go to the insurance company. As a rule, many people come up with the idea of ​​terminating their insurance quickly just before the deadline. 

This can sometimes lead to confusion and delays at the insurance company. To ensure that the cancellation is actually received by the insurer on time, it is advisable to select the shipping method "registered mail with return receipt". 

It costs a few euros more than a standard letter, but with the return receipt you can be sure that the cancellation has arrived. In the event of a dispute, the timely dispatch can be proven with the return receipt.

Cancellation by the insurance company

Nevertheless, the insurance company also has the option of terminating the insured person. The reasons are varied; Breach of contract, fraud, non-payment of bills, accidents caused by negligence, or many consecutive damages can result in termination. (*)