Coachman InsuranceCancellation Fee Guide
Official short rate table and cancellation fee calculator for Coachman Insurance high-risk auto policies
Coachman Insurance is a non-standard auto insurance specialist serving high-risk drivers in Ontario and Atlantic Canada — people who have trouble obtaining coverage through the standard market. All policies are arranged and serviced through brokers, so direct cancellation with Coachman is not available.
Coachman applies the standard industry short rate table for early cancellations. The percentages are the same as many mainstream insurers, but because non-standard premiums run high, those percentages translate into a larger dollar penalty — which is exactly why it pays to calculate the cost first.
How Coachman calculates your cancellation fee
The standard table keeps 8% of your premium for a cancellation in the first three days and rises to 100% near renewal. The percentage is identical to other standard-table insurers, but the dollar impact scales with your premium.
On a high-risk $2,400 policy cancelled after 90 days, Coachman keeps about 31% ($744), leaving a $1,656 refund. A pro rata refund would return roughly $1,808, so the short rate penalty here is about $152 — double what the same 90-day cancellation costs on a $1,200 standard-market policy.
How to cancel your Coachman policy
Everything runs through your broker. The single most important step for a high-risk driver is to confirm replacement coverage is in force before you cancel — a lapse can reset your continuous-insurance record and make future coverage harder and pricier to obtain.
- 1Contact your insurance broker
- 2Request a cancellation quote with penalty
- 3Confirm you have alternative coverage
- 4Provide written cancellation request
- 5Await refund through your broker
Refund processing: 14-21 business days. Refund to broker: 2-3 weeks, then broker to you: 5-10 days. Total: 4-5 weeks typical.
Enter your premium to see dollar amounts below
Coachman Insurance Short Rate Summary
Refund at key cancellation points, based on a $2400 annual premium
| Days in Force | Earned % | Amount Earned | Refund |
|---|---|---|---|
| 14 days | 11% | $264.00 | $2,136.00 |
| 30 days | 15% | $360.00 | $2,040.00 |
| 60 days | 23% | $552.00 | $1,848.00 |
| 90 days | 31% | $744.00 | $1,656.00 |
| 120 days | 39% | $936.00 | $1,464.00 |
| 180 days | 54% | $1,296.00 | $1,104.00 |
| 270 days | 78% | $1,872.00 | $528.00 |
| 330 days | 93% | $2,232.00 | $168.00 |
How Coachman compares
Coachman's short-rate percentages are the standard industry schedule shown on our short rate table, so on paper it is no stricter than any standard-table insurer.
The real difference is context. Coachman writes high-risk and non-standard auto, where premiums are higher — so the same percentage costs you more in actual dollars, and finding replacement coverage is harder. For high-risk drivers the priority is not shaving the penalty; it is never letting coverage lapse, because a gap can push your next premium even higher.
Tips to minimize penalties
- • Never cancel without replacement coverage — high-risk drivers face limited options, and any coverage lapse resets your continuous insurance clock.
- • Higher premiums = larger dollar penalties — with non-standard premiums often 2-3x higher, short rate penalties are proportionally bigger.
- • Patience pays — clean time with Coachman can eventually help you qualify for standard market rates (3-6 years).
Frequently Asked Questions
How much is the Coachman Insurance cancellation fee?
Coachman uses the standard short rate table rather than a flat fee. Because non-standard premiums are high, the dollar penalty is larger: on a $2,400 policy cancelled after 90 days, Coachman keeps about 31% ($744) and refunds $1,656. A pro rata refund would return roughly $1,808, so the short rate penalty here is about $152.
What is Coachman Insurance known for?
Coachman specializes in non-standard (high-risk) automobile insurance for drivers who have difficulty getting coverage in the standard market. It operates primarily in Ontario and Atlantic Canada and distributes through brokers.
How do I cancel my Coachman Insurance policy?
Coachman works through brokers, so contact the broker who arranged your policy. Ask for a cancellation quote showing the short rate penalty, confirm you have replacement coverage in place, and submit a written cancellation request through the broker.
Why do cancellation penalties matter more for high-risk drivers?
High-risk premiums are often two to three times standard rates, so the same percentage-based short rate table produces a much bigger dollar penalty. Replacement coverage can also be hard to find — never cancel until a new policy is confirmed.
How long does a Coachman refund take?
Expect 14-21 business days. The refund is typically sent to your broker first and then forwarded to you, so the total time is often three to four weeks.
Sources & Verification
- ·Standard Canadian short rate cancellation table, which Coachman Insurance uses for early cancellations.
- ·Coachman Insurance broker channel for current cancellation procedures and refund timelines.
- ·Reviewed by the CostExpert editorial team. Figures are estimates — confirm your exact refund with your broker before cancelling.
Reviewed by CostExpert Editorial Team · Last verified June 2026
Learn how we verify our data.
Need a different insurer? Try our universal calculator
Compare Other Insurance Companies
Click on any company to view their specific cancellation fee rates and policies.