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Yes! They can charge you a cancellation fee that is either a flat rate or is a percentage of your total annual premium calculated based on when you cancel. Lots of insurance companies do this although some only charge you to cancel within the first year

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Wiki User

14y ago

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What gives company’s these rights.

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Josh Whirl

Lvl 2
3y ago
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Q: Can the insurance company charge you to cancel your insurance?
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