6 Responses for "What is a 'refund of premium' in regards to car insurance ?"

1. miley cyrus February 4th, 2010 at 3:31 am 1

   Best Answer – Chosen by Voters It means they have cancelled your insurance and are repaying the money that you spent. Did they give a valid reason for cancelling like a drink driving offence etc?. If there is good reason for not insuring you,you may have difficulty getting insured elsewhere because the insurance companies inform each other of their decisions.

2. selena gomez February 4th, 2010 at 3:31 am 2

   It means that is how much of the annual premium is due back. Obviously because you pay by instalment you will not get this amount. seems like they sent you the wrong letter thinking you paid annually.

3. justin bieber February 4th, 2010 at 3:31 am 3

   You paid in advance for your insurance. You should receive a refund check for the period of time you paid for, after the cancellation date.It sounds like you need to go to another company for insurance.

4. lady gaga February 4th, 2010 at 3:31 am 4

   That's the money you paid for insurance that you won't have since cancellation and they are giving back to you.

5. justin bieber February 4th, 2010 at 3:31 am 5

   They are giving you ￡710 back.

6. miley cyrus February 4th, 2010 at 3:31 am 6

   they are giving you ￡710 back.