Coles Car Insurance Cancellation: What You Need To Know

Coles Car Insurance has been around for a long time and has been a popular choice for Aussies looking for a reliable and affordable car insurance policy. However, there may come a time when you need to cancel your Coles Car Insurance policy. Whether it’s because you’ve found a better deal elsewhere or you’re no longer driving, it’s important to be aware of the steps you need to take when cancelling your Coles Car Insurance policy.

Requirements for Cancelling Your Coles Car Insurance

Before you can cancel your Coles Car Insurance policy, there are a few things you need to take care of. First of all, you need to make sure that you have no outstanding payments or refunds due on the policy. Coles Car Insurance will not issue refunds until all payments have been made. Additionally, you will need to provide proof of any No Claims Bonus that you may have earned. This will help you to get the best possible refund if you decide to cancel your policy.

How to Cancel Your Coles Car Insurance

When it comes to cancelling your Coles Car Insurance policy, there are a few different ways you can go about it. The easiest and quickest option is to call the Coles Car Insurance customer service team on 1300 360 056. This is a toll-free number and the customer service team is available Monday to Friday, 8:30am to 5pm (AEST). Alternatively, you can write to Coles Car Insurance at GPO Box 480, Sydney NSW 2001 or email them at colescarinsurance@coles.com.au. You will need to provide your policy number, details of the insured vehicle and your contact details.

When cancelling your policy, you may be eligible for a partial refund if you have paid the full annual premium upfront. The amount that you’re refunded will depend on how much of the annual policy has been used and the amount of cover you have remaining. Coles Car Insurance will assess your refund and any No Claims Bonus earned on a case-by-case basis.

What to Expect After Cancelling Your Coles Car Insurance

Once your Coles Car Insurance policy has been cancelled, you should expect to receive a confirmation email or letter from Coles confirming the cancellation. If you are eligible for a refund, you should also receive a separate letter or email with details of the refund. The refund will usually be paid directly into your nominated bank account within 7-10 business days.

Final Thoughts on Cancelling Coles Car Insurance

Cancelling your Coles Car Insurance policy is relatively straightforward. However, it’s important to make sure that you have settled all outstanding payments and refunds due on the policy before you cancel. Additionally, if you’re eligible for a refund you should ensure that you’ve provided Coles Car Insurance with your bank account details. Once your policy has been cancelled, you should receive confirmation of this and, if applicable, details of any refund due.