But there are some factors to consider before you dump your current provider: While you can cancel your car insurance at any time, if you’re switching insurance providers, make sure to set up your next policy before you cancel your current one. Cancellation fees: Some car insurance companies charge a cancellation fee. Canceling your car insurance policy is an easy process, and usually just involves a quick call to your insurer. Cancelling your car insurance should result in a refund, but your refund amount can vary. Please stop all debits or charges for premium payments. A short-rate cancellation takes a certain amount out of the refund as a penalty for early cancellation. Shopping for car insurance annually or at least every three years is a wise financial move. When You Still Owe Money . Many policyholders still owe money on their car insurance after the policy is canceled. If you cancel car insurance within the grace period, it is very likely you will still owe money on the policy.A grace period provides coverage for a specified number of days past your payment due date. That's mandatory under German law, whether you ship your car from the United States or purchase the … Car insurance (Kfz versicherung or autoversicherung) in Germany is compulsory for all drivers.If you drive in Germany, you will need a minimum of third party liability insurance on your vehicle in order to get it registered and get a German license plate.Insurance certificates must be displayed in the vehicle at all times. Car Insurance in Germany for Military Personnel. The fee can range from $25 up to a "short-rate fee," which breaks down to 10% of the remaining policy premium. Cancelling car insurance during the term . Car insurance companies will either offer a pro-rated cancellation, which gives you back the full amount of the unused premium. When cancelling during the term, you may have to pay car insurance fees. Vehicle Insurance in Germany Before a person can register a car in Germany he or she must have proof of third party liability coverage for all damage or injury to another person, car or object. A typical car insurance policy will last 12 months but you can cancel it at any time. Many German car insurance companies will renew your contract automatically, so you will have to give at least a month’s notice before cancelling your contract. Canceling your auto policy based on changing insurers is common. While collision or comprehensive insurance isn't required by law, most institutions financing the purchase of … If you're stationed in Germany and plan to drive, you'll need car insurance before you can register your vehicle. Lizard Auto Insurance 54321 Broad St. Suite #100 Springfield, Ohio 12345 Attn: Cancellations Department RE: Car Insurance Policy Number: 9236647 Hello, This letter as a formal request to cancel the referenced car insurance policy (9236647). It depends on the provider, but it can be low or quite expensive, check on your policy what it is indicated about car insurance fees. Just bear in mind that you won't automatically get your money back and your insurance provider may charge you a cancellation fee. Car insurance in Germany. The types of refund depends on when you cancel. How to cancel auto insurance when you’re switching companies. You may have found an insurer with cheaper rates or maybe you moved to another state. *required information Please be advised that this insurance is not for: Rental cars Covering your (US) car just for your holidays in Germany Confirm Skip to content IMPORTANT INFORMATION: Our offices are open, but there is currently no access for customers due to COVID-19 pandemic. Can I Cancel a Car Insurance Contract in Germany? As an example, if you signed up for a 12-month policy and canceled after nine months, you would be on the hook for 10% of the remaining three months.