Overview
Cancelling ends your policy before your expiry date, and your insurance company usually charges a cancellation fee. Non-renewal ends your policy on your expiry date, with no fee.
This applies if you have a YouSet policy and want it to end.
Cancellation vs non-renewal
| Cancellation | Non-renewal | |
|---|---|---|
| When your policy ends | On the date you choose, before your expiry date | On your expiry date |
| Cancellation fee | Yes, in most cases | No |
| Best for | You need your insurance to end now, for example because you sold your car | You're switching insurance companies, or won't need insurance after your expiry date |
How to request a cancellation or non-renewal
- Sign in to your YouSet account
- Under your policy, select Modify Policy
- Select Cancellation and non-renewal
- Follow the steps on the screen
What happens after
- YouSet reviews your cancellation request and sends it to your insurance company
- You get a confirmation email within 48 hours
Additional info
- Your expiry date is the expiration date shown on your policy declaration. Your expiry date is shown on your policy, on your YouSet account’s main page.
- The cancellation fee is also called an early termination fee. To learn how it's calculated, see our What is the cancellation fee? article
Frequently asked questions
My renewal is next month. Should I end my policy on the expiry date?
Yes. If you can keep your insurance until then. You stay insured until your expiry date, and you won’t pay a cancellation fee. Cancel sooner only if you need your policy to end before your expiry date.
Can I switch insurance companies without paying a fee?
Yes. Choose to end your YouSet policy on your policy expiry date, and start your new policy on that same date. You won’t pay a cancellation fee, and you won’t have a gap in your insurance.