Rias Car Insurance Cancellation Policy Explained

Rias car insurance, a part of the Ageas Insurance Group, is a provider of online car insurance policies to UK drivers. Rias offers a range of car insurance policies, from fully comprehensive to third party only, as well as optional extras such as breakdown cover and personal accident cover. But what happens if you need to cancel your policy?

Cancelling your Rias Car Insurance Policy

Rias allows you to cancel your policy at any time, although there may be a cancellation fee. This fee is based on how long you have had your policy and the type of cover you have chosen. If you have chosen a fully comprehensive policy, for example, the cancellation fee can be quite high. If you have chosen a third party only policy, the cancellation fee will be much lower.

If you cancel your policy after the 14-day cooling-off period, you will receive a pro-rata refund of any unused premiums, minus the cancellation fee. If you cancel within the 14-day cooling-off period, you will receive a full refund of your premiums, minus the cancellation fee. If you cancel your policy mid-term, you will receive a pro-rata refund of your unused premiums, minus the cancellation fee.

Changing your Policy

If you need to change your policy, Rias allows you to do so at any time. You can add or remove optional extras, or change the level of cover you have chosen. If you change your policy, there may be an administration fee for making the change. This fee will be calculated based on how long you have had your policy and the type of cover you have chosen.

If you change your policy mid-term, you may also be charged a pro-rata premium. This is because the premium you pay is calculated based on the length of time you have had the policy. If you change your policy mid-term, the premium will be recalculated for the new period of cover.

Conclusion

Rias car insurance offers a range of policies to suit different drivers. If you need to cancel your policy, there may be a cancellation fee depending on the type of policy and how long you have had it. If you need to change your policy, you may be charged an administration fee and a pro-rata premium.

If you need to cancel or change your policy, you can contact Rias car insurance by phone or online. They will be able to provide you with more information about the fees and the process for making the change.