Make use of the right of withdrawal with motor vehicle insurance

The right of withdrawal is 14 days

• As with most insurances, you have two weeks after receiving the complete insurance documents to exercise your right of withdrawal.
• You may have found a cheaper provider, or you were simply annoyed by the employee.
• In the Car insurance it is, however, the case that the company assumes liability for you from the moment your car is registered by handing over the electronic insurance certificate. The moment you make use of your right of withdrawal, the insurance cover expires.
• At the same time as you withdraw your consent, you must present the registration office with confirmation of insurance from another vehicle insurance company.
• Since the first insurer granted insurance cover for the period from the registration of the vehicle to the time it was withdrawn, it is also entitled to a premium for this period. The originally calculated premium was calculated for a period of one year. A different premium rate applies to short-term insurance. This is, calculated over the period, significantly higher than the "normal premium" for one year.
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"How do I cancel a contract"? - That's how it's done

As a consumer, you have the right to withdraw from contracts. However, the prerequisite is ...

• The new company has to be significantly cheaper for the change to pay off.

 Compare car insurance in good time

• In order to save yourself the hassle of the right of withdrawal and the time pressure to find a new car insurance, start the comparison early on.
• You can take out your car insurance on November 30th. cancel one year. At the end of summer, the tariffs for the coming year are usually published. So you have enough time to find a suitable tariff in peace so that you do not have to make use of the right of withdrawal later.