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Can Insurance Companies Take Money Back

Q

Can you get a refund on car insurance?

A

Getting a refund on your premiums will depend on the circumstances surrounding your policy cancellation. Most companies will refund you some of your remaining balance if you need to cancel before your policy term is up.

Kara McGinley Stephanie Nieves author photo

By

Kara McGinley

Kara McGinley

Property and Casualty Insurance Expert

Kara McGinley is an insurance editor at Policygenius, specializing in home, auto, and renters insurance. She's been writing about insurance since 2019, and her work and insights have been referenced in Kiplinger and WRAL.com.

&

Stephanie Nieves

Stephanie Nieves

Property and Casualty Insurance Expert

Stephanie Nieves is an insurance editor at Policygenius in New York City, specializing in home and auto insurance. Her work has appeared in Business Insider, PayScale, Fairygodboss, and The Muse.

Expert reviewed

Expert reviewed

This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.

Learn more about our editorial review process.

by

Angele Doakes - Licensed Property & Casualty Broker

Angele Doakes - Licensed Property & Casualty Broker

Operations Sales Manager, Property & Casualty

Angele Doakes is a property and casualty operations sales manager at Policygenius in Durham, North Carolina. She's worked in the insurance industry for five years, and enjoys educating shoppers about a topic that's so important but sometimes difficult for people to understand. She is licensed to sell property and casualty insurance as well as life and health insurance.

Updated March 31, 2021| 4 min read

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Property and Casualty Insurance Expert

Kara McGinley is an insurance editor at Policygenius, specializing in home, auto, and renters insurance. She's been writing about insurance since 2019, and her work and insights have been referenced in Kiplinger and WRAL.com.

Property and Casualty Insurance Expert

Stephanie Nieves is an insurance editor at Policygenius in New York City, specializing in home and auto insurance. Her work has appeared in Business Insider, PayScale, Fairygodboss, and The Muse.

Can Insurance Companies Take Money Back

Source: https://www.policygenius.com/auto-insurance/can-you-get-a-refund-on-car-insurance/

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