06/05/2020, by Emir Muminović

---

Termination of the car insurance

If you`ve decided to change your insurance, there is more than one way to cancel your old insurance. Aside from regular termination at the end of the contract, there are various reasons for terminating before the end of term.

Normal termination at the end of the term
The terms for car insurance are usually several years. In the event of ordinary termination, the notice period is three months. The insurance year usually ends on December 31., but this can also be another month that you have chosen. This date will be in your policy.

Termination before the term-end
In addition to normal termination of the insurance contract, there is also an extraordinary termination. This means you can cancel your insurance outside the usual deadlines. The following options are available:

Change of the owner/ You sold your car
When you sell your car, you can have your vehicleID invalidated by the traffic office (Straßenverkehrsamt). Your insurance company will be notified of this. Anything you might have overpaid will be reimbursed.

Vehicle change
If you change your car and register a new one, you can also change the insurance provider. There are no deadlines here. All you have to do is invalidate the vehicle ID of the old vehicle and activate the insurance certificate of the new insurance for your new car

Payment increase or contract changes
If your previous insurance increases the payment, you have the right to cancel extraordinarily. This also applies if only part of your payment is affected - for example the payment for Full Casco insurance. The cancellation must reach your insurance company on the last day of the insurance year, at the latest. By the way: You also have the same right to cancel in case of change in the general insurance conditions.

Case of damage
In the event of a claim, you have an extraordinary right of termination. As a rule, the cancellation must be made within 14 days of the damage being paid out. The "overpaid" annual payment will be refunded to you.

Note: If you cancel your insurance in the event of a claim during the first year after conclusion of the contract or in the event of total loss in the first year, the previous insurance is entitled to the insurance payment for the entire contract period.

Tags in