How To Cancel Your European Car Cover Policy

Traditionally, a motor vehicle insurance contract is annual, with few exceptions, they are only terminated at the end of the year. This situation relates to the natural termination of an auto-cover policy.

If you need to terminate your European car insurance contract properly, the termination has to arranged in writing, no later than one month before the insurance policy is due to expire. If you miss this deadline, insurance companies tend to extended the car-cover policy automatically for another year.

But even after the expiry of the termination date , there may be another opportunity to bring the contractual relationship to an end. Policy tariffs tend to be adjusted annually in accordance with the articles in the EU automobile insurance industry.

This is done by an independent institute to get the insurance statistics on accident rates and accident damage. If then, for example due to increased accident incidents or a change in security class of the region you travel or reside in, the premium of your car insurance increases, there is a so-called "extraordinary right of termination."

Often, you will receive a letter from the insurance policy provider informing you of the price increase. You can in this case no later than one month after receiving notice of an imminent increase to the premium you pay on your motor insurance, execute your right to extraordinarily terminate your European auto-cover contract.

If you are only hiring your car for the period of your stay in Europe then the rental company will have the cost of the auto-cover included in your rental fee.

Go to EUROPEAN BREAKDOWN COVER - to find out more on driving your car on the continent and to save money on European breakdown cover.