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You can always get better insurance by changing your auto insurance if you are unhappy with your current insurance company. Depending on your situation, when should you make changes? How to change your auto insurance after your contract expires Who should handle termination procedures? Explanations.
What is the best time to change your car insurance?
Tacit renewal is used to renew auto insurance, such as home and motorcycle insurance. This means that you must have these insurance policies for at least one year. If you don’t show up, they will automatically renew for the next year.
You can change your auto insurance at any point after the first year, thanks to the Hamon Law. In certain cases, you may be able to change your car insurance or take out new car insurance.
How to change your auto insurance under Hamon law
The Hamon law or Consumption laws, which were passed in 2015, allow you to cancel your auto insurance at any point after the first year. If you forget the termination date, your insurance will not be renewed for the entire year. A termination request does not require any justification and does not result in any penalties or costs.
In this instance, your new insurance will also take care of any termination proceedings with your previous insurer. Your old auto contract will then be cancelled and you will not have to do anything.
How to modify car insurance according to the Chatel law
Your insurer must send you a reminder before the anniversary of your contract’s expiration date, as per the Chatel law. You are therefore warned about the date you can change your auto insurance.
If your insurer fails to give you the required notice, you can terminate your car coverage whenever you wish.
The Hamon law allows you the freedom to end your car insurance at any time after one year of engagement. The Chatel law’s termination periods do not apply to home, motorbike, or auto insurance contracts.
How to modify auto insurance during a contract
You may need to change your car’s insurance before your contract expires. What are they?
After a change in your personal circumstances
As mentioned in the, you can cancel your vehicle insurance during the year if certain circumstances change.
- A change of domicile
- Change of profession
- A change in marital status (marriage or divorce) ;
- Retirement or permanent cessation professional activity.
These changes can impact the insurer’s perception of your risk. If the risk is greater than or less than expected, your insurer can terminate your contract or raise the price of your coverage. If you are not happy with the increase, you can terminate your contract.
You must request termination within three months of the date of change. Attach proof of the change to your mail
At the time you sell or steal your vehicle
Your insurer must be notified if your vehicle is sold. The suspension of guarantee will be effective on the day after the sale.
You will need to send a request for termination to your insurer. Otherwise your insurance will only be terminated after six months. The termination will be completed within 10 working days.
You have 10 days to notify your insurance company by registered mail if your car is stolen or damaged. Your contract will be canceled the day after you have received your mail.
Unjustified increases in your insurance premium
You have the right to terminate your contract if your insurer increases your insurance policy premium without justification. This applies to all claims, risk modifications, and regulated taxes. You have 30 days from the date you receive your annual due date to mail your termination letter to your insurer at registered office.
After the refusal to lower your insurance premium
If your insurer refuses a reduction in the amount of your insurance premium, despite a demonstrated reduction in the risk that you represent, your car is now being parked in a private parking garage instead of a street, and the decrease in kilometers travelled, etc.You have the right to terminate your car insurance. Your request will be received within 1 month.
In the event of a termination by your insurer of another contract
Your insurer can terminate any contract you have with him, if necessary, or if you are responsible for multiple claims. You can terminate all your insurance contracts if you have taken out multiple insurance contracts with the same company. There are auto insurance policies that can be terminated if you have trouble finding a replacement insurer.
Don’t panic, your insurance has the obligation of reimbursing you for all contributions.
After the death of the insured
After the insured’s death, the heirs must provide a death certificate. They have three months to submit a termination request, if desired.
Find new auto insurance
Get free quotes from advisors to insure your vehicle.
Are you looking to change your auto insurance policy? You need to find new insurance for your vehicle if you want to drive. Below are the steps to help you find the best deal and sign a new contract.
Before terminating or changing your car insurance, you should first take stock of the current coverage.
- The amount of your insurance premium
- The guarantees of your formula
- Warranty exclusions
- The amount of deductibles and compensation caps.
After this assessment, you will be able determine if your current insurance policy is suitable for your needs and, if not, what you can expect from your new insurance plan.
Comparing multiple auto insurance quotes is the best way to find the right offer for you. It’s free, and you can get as many quotes as possible! There are many insurance companies that offer different prices, guarantees, and general conditions. This will help you find the best auto coverage.
The car is a Peugeot208 5 door model, 1.2 Litres HI Pure Tech 110 Feline gasoline, manual. It has 5 fiscal CVs. It was released in January 2018. It is parked in an outside collective parking lot. It is used for leisure and home-work trips. The insured driver was licensed in December 2000. He is living in Montpellier and has a bonus of 0.50.
What documents are needed to change your auto insurance?
The perfect formula has been found for you and your car. You should consider getting new auto insurance before you end your current contract.
We remind you that all motor land vehicle drivers must ensure their vehicle is legal to operate.
What documents are required for car insurance? You will need to provide the following documents, regardless of whether you are signing up online or at a physical office.
- A copy of your driver’s license
- The statement of information from your former insurer
- A copy of your vehicle’s registration certificate, also known as a registration card.
Stop paying your auto insurance
Once you have taken out auto insurance, you will need to terminate your old insurance contract. The termination process has been simplified in recent decades, so you can rest assured! The termination process may vary depending on your circumstances.
- If you have the Hamon law authorization, your new insurer can handle the termination of your insurance policy if you wish to change it after the first calendar year. You won’t have to do anything!
- If you wish to modify your insurance coverage during the year (moving, selling your vehicle, etc.), you must send a termination letter by registered mail with acknowledgment of receipt to your insurer. You can also send a termination request by registered mail to your insurer. Be sure to mention your contract number, your subscription date, and the registration number of your car.
It takes one month for your insurer to accept your request for termination.
Why do you need to change your auto insurance?
You can have different levels of coverage in case you need it. It is essential to find the right insurance formula to suit your needs and profile. If you aren’t satisfied with your current insurance policy, you can either renegotiate it with your insurer or change your auto coverage. What are the benefits to changing your insurance?
- Cheaper car insurance: The price is an important factor in choosing the right car insurance. By comparing the various offers on the market and obtaining personalized quotes, you can find a lower-cost formula that provides a good value.
- You can get better coverage. Compare auto insurance if you feel that your current guarantees do not meet your needs, and/or that your rest is too expensive. This will provide you with higher levels and more reimbursements.
- Get better service: If you are not satisfied with your advisor’s response time, the speed at which they respond to questions, the time taken to evaluate a situation, etc. You have the opportunity to switch your car insurance and choose a better insurer!
Compare auto insurance based on your profile!