This is a question that many motorists ask themselves regularly. Auto insurance is one of the compulsory contracts, in the same way as home protection. Assurances that are also said to be “tacitly renewed”. Clearly, upon signing, the automobile insurance contract is taken out for a period of one year.
In the absence of explicit opposition, it will be automatically renewed for the following year. But is it however allowed to change car insurance when we hear it, and especially under what conditions?
Controlling the cost of your car insurance has never been easier
Nowadays, it is relatively easy to change insurance contracts, or even simply insurers. The major insurance companies recognize this: the majority of their motoring customers have been at home for more than three years, but this figure continues to drop.
Insurance becomes a product like any other, which it must be possible to change when it no longer corresponds exactly to the expectations of its holder.
The development of insurance comparators as offered by insurance brokerage specialists, such as Assurland, greatly facilitates price comparison. By this means, it is particularly simple to obtain one or more quotes from the competition. This may in particular allow you to renegotiate with your usual insurer.
When to change insurance?
Since the adoption of the Hamon law, on 1er January 2015, you can change auto or motorcycle insurance at any time, at no additional cost, as soon as you pass the first year of the contract.
Previously, your contract included an expiry period that you should not miss, if you wanted to end it. From now on, there is no need to wait for the anniversary date of your contract to notify your insurer of your departure. You can play the competition whenever you want.
How to change insurer?
Your decision is made, contact your new insurer, it is he who takes care of all the steps. Within a maximum period of fifteen days, your former insurance company must have sent you a notice of cancellation. This document specifies the amount of the balance due to you, as well as the end date of the contract. Your former insurer will also have communicated your information statement to your new company.
After a period of thirty days, your old contract is terminated and your former insurer has reimbursed you for any balance. The next day, your new contract can start.