Can I cancel a newly purchased car insurance policy and get a refund?

Answered by Home Insurance, Car Insurance Expert Savannah on February 24, 2021

I just got car insurance, but after talking to my parents, I realized it's probably not the policy I want. But I already paid for six months. Would I get a refund if I canceled it? I only bought it nine days ago!

expert avatar

Savannah

Home Insurance, Car Insurance Expert

Yes, typically when you cancel your current insurance, you will get a prorated refund, which means that any unused money will be returned to you. For example, if you paid $600 for six months but you only stayed with the insurer for one month, your refund would be $500.


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