Help with HI & CI on monthly DD

bommer

Does anyone know if you can cancel home insurance or car insurance half way through year if you pay by direct debit?

dunstonh

Car insurance is an annual contract. If you cancel half way through the year, you will not get a penalty applied normally.

House insurance is sometimes the same but usually cancellation of the insurance from X date in any point of the year will not result in a penalty charge.

Cancellation of a direct debit does not cancel the insurance. It just stops the payments going through. The insurer is likely to continue the cover and come after you for the payments (more so on car insurance and unlikely on household). So you should cancel it with the insurer directly.