It may happen that you want to stop paying your motorcycle insurance. On the other hand, the cancellation of a motorcycle insurance is not done without valid reasons since it is compulsory.
Why insure your motorcycle?
If you are the owner of a motor vehicle (car, motorcycle, etc.) driving on public roads – or parked while being roadworthy – in France, you are obliged, according to Article L211-4 of the Insurance Code, to insure it with at least civil liability cover, also called third-party insurance. The latter only covers damage caused to a person while riding or parking your motorcycle. For more comprehensive coverage, there is all-risk insurance, available in different forms.
If you drive without having insured your vehicle, you are committing an offence, punishable by law. Punishment ? A fine of €3,750 and, depending on the circumstances, one or more additional penalties such as license suspension, the obligation to complete a road safety awareness course at your expense or even immobilization and/or confiscation of your motorcycle.
Canceling your insurance without selling your motorcycle: the conditions
You have taken out motorcycle insurance, but wish to terminate the contract? If you are still in the first year of your motorcycle insurance contract, a commitment binds you to your insurer. Special cases exist, allowing you to still benefit from a termination: in the event of moving, change of marital status, change of profession, retirement or permanent cessation of professional activity. It is also possible to terminate your motorcycle insurance contract if your insurer has increased its rate, if it has terminated one of your contracts after a claim or if you observe an increase in the amount of the deductible.
You can terminate the contract within 3 months of one of the events mentioned above, with one month’s notice. If these exceptions do not refer to your situation, you will have to wait for the annual expiry of your contract.
Cancel your insurance after the first year
Fortunately, the time when you had to watch the anniversary date of your contract to terminate it is over. Since January 2015 and the entry into force of the Hamon law, the rules have changed: it is indeed possible, after one year of seniority, to terminate your contract at any time and without charge or penalty. .
To cancel a motorcycle insurance contract according to the Hamon law, nothing could be simpler: contact the insurer you have selected after various comparisons and send them the information related to your old contract (insured number, contract number, your contact details and those of the insurer). This new insurer is responsible for sending the cancellation request to your former insurer and formulates a request for the sending of your information statement. Your old contract is terminated one month later. If there is an overpayment, it is refunded maximum 30 days later. Your new contract takes over from the old one, to provide you with the coverage you need.
Find a new insurer for your motorcycle
As you will have understood, stopping your motorcycle insurance without selling it does not mean that you can remain without cover. By driving without having insured your vehicle, you are committing an offence, punishable by law. Online comparators are invaluable in these moments of research, saving you precious time and helping you not to miss out on the contract that suits you best.
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Cancel your motorcycle insurance online and free of charge
The law of 16 August 2022 on emergency measures for the protection of purchasing power provides for the possibility of terminating online and free of charge insurance contracts taken out via the Internet. This measure will come into force on a date set by decree, and no later than June 1, 2023.