At the end of the insurance contract
It is possible not to renew your car insurance contract when it expires. You simply need to send your termination letter at least 3 months before this anniversary date. If you have already found a new insurer, they can take care of this formality.
Termination after a claim or accident
If you are not satisfied with the handling of your file by your insurance company during an accident, you can terminate your contract with them. To do this, simply send a registered letter with acknowledgment of receipt within a maximum period of one month after compensation or refusal to pay.
And if the insurance company increased its rate?
If the company changes its general insurance conditions or increases its rates, you have a maximum of 1 month from the receipt of the letter announcing this change to terminate your contract.
And in case of a reduced risk of having an accident?
Are you changing cars and your new vehicle is significantly less powerful than the previous one? Are you moving and traveling fewer kilometers to get to work or for your professional trips? As soon as the risk of having an accident is reduced, it is possible to ask your insurer to review your premiums.
If the latter refuses to lower them, you can terminate your insurance contract by sending them a registered letter. The termination will be effective 30 days after receipt of this letter.
Termination after signing the insurance contract
Belgian legislation also provides for a 14-day withdrawal period after signing a car insurance contract. This means that you can request the cancellation of this contract during this legal period.