Auto and Car Insurance

If I cancel my vehicle insurance policy, when am I likely to get my money back?

In the terms and conditions on my insurance company's website it states that refund payment will be paid into my bank account on return of the insurance certficate- when they recieve this, will my money likely go back into my bank account this same day? Or is it likely to take up to 7 working days etc. ?

Public Comments

1. It is going to take a little time. Typical business, they will drag their feet until they by law have to. You might call them and ask if this can be expedited.
2. We just did this & it took about a month & a half to recieve a refund.
3. Well i have just recently cancelled two car insurance policies and i was told four two six weeks before i recieved any money Rang the company back two weeks later they then transfered the money straight away They can do it as quick or as slow as they like just need to chase them up a bit Mike
4. They'll should do it within the next cycle of the billing period. When you would normally make your payment.
5. You will be lucky to get it in 7 working days. 30 would be more realistic
6. You will wait in a queue for your refund with the hundreds of others that have cancelled. usually 7to10 days.