Desjardins Insurance Cancellation Fee Guide 2025
Desjardins Insurance is the largest property and casualty insurer in Quebec and one of Canada's leading financial cooperatives. Known for their customer-focused approach and competitive rates, Desjardins serves millions of Canadians across the country.
About Desjardins Insurance
As a cooperative financial group, Desjardins has been serving Canadians since 1900. Their insurance division, Desjardins General Insurance Group, is particularly strong in Quebec but has expanded significantly across Canada. What sets Desjardins apart is their cooperative model—as a member, you may be eligible for dividends and have a say in how the company is run.
Desjardins is known for having more lenient cancellation penalties compared to many other insurers. Their short rate table typically results in penalties ranging from 7.5% to 15%, which is on the lower end of the industry standard.
How to Cancel Desjardins Insurance
- 1.Call 1-888-277-8726 (English/French)
- 2.Or visit your local Desjardins caisse
- 3.Provide your policy number and member ID
- 4.Request a cancellation quote first
- 5.Confirm in writing (email or letter)
Desjardins Refund Timeline
- Processing: 7-14 business days
- Members may get faster processing
- Direct deposit available for members
- Cheque by mail: 2-3 weeks
Desjardins Pro-Rata Eligibility
Desjardins may waive short rate penalties (offer pro-rata refund) in these situations:
- • Vehicle sold or transferred to new owner
- • Moving outside of Canada
- • Death of the policyholder
- • Vehicle declared a total loss
- • Switching to another Desjardins product
Desjardins InsuranceShort Rate Table
Official short rate cancellation table for Desjardins Insurance insurance policies in Canada
Calculate Your Refund
Desjardins Insurance Short Rate Schedule
Showing refund calculations based on $1200 annual premium
| Days in Force | Premium Earned % | Amount Earned | Refund Amount | vs Pro Rata |
|---|---|---|---|---|
| 1-3 days | 8% | $96.00 | $1,104.00 | -$89.42 (7.5%) |
| 4-7 days | 9% | $108.00 | $1,092.00 | -$89.92 (7.5%) |
| 8-11 days | 11% | $132.00 | $1,068.00 | -$100.77 (8.4%) |
| 12-15 days | 12% | $144.00 | $1,056.00 | -$99.62 (8.3%) |
| 16-19 days | 14% | $168.00 | $1,032.00 | -$110.47 (9.2%) |
| 20-23 days | 16% | $192.00 | $1,008.00 | -$121.32 (10.1%) |
| 24-26 days | 18% | $216.00 | $984.00 | -$133.81 (11.2%) |
| 27-30 days | 19% | $228.00 | $972.00 | -$134.30 (11.2%) |
| 31-34 days | 21% | $252.00 | $948.00 | -$145.15 (12.1%) |
| 35-38 days | 22% | $264.00 | $936.00 | -$144.00 (12.0%) |
| 39-42 days | 23% | $276.00 | $924.00 | -$142.85 (11.9%) |
| 43-46 days | 24% | $288.00 | $912.00 | -$141.70 (11.8%) |
| 47-49 days | 25% | $300.00 | $900.00 | -$142.19 (11.8%) |
| 50-53 days | 26% | $312.00 | $888.00 | -$142.68 (11.9%) |
| 54-57 days | 27% | $324.00 | $876.00 | -$141.53 (11.8%) |
| 58-61 days | 28% | $336.00 | $864.00 | -$140.38 (11.7%) |
| 62-65 days | 29% | $348.00 | $852.00 | -$139.23 (11.6%) |
| 66-69 days | 30% | $360.00 | $840.00 | -$138.08 (11.5%) |
| 70-73 days | 31% | $372.00 | $828.00 | -$136.93 (11.4%) |
| 74-76 days | 32% | $384.00 | $816.00 | -$137.42 (11.5%) |
| 77-80 days | 33% | $396.00 | $804.00 | -$137.92 (11.5%) |
| 81-84 days | 34% | $408.00 | $792.00 | -$136.77 (11.4%) |
| 85-88 days | 35% | $420.00 | $780.00 | -$135.62 (11.3%) |
| 89-92 days | 36% | $432.00 | $768.00 | -$134.47 (11.2%) |
| 93-96 days | 37% | $444.00 | $756.00 | -$133.32 (11.1%) |
| 97-99 days | 38% | $456.00 | $744.00 | -$133.81 (11.2%) |
| 100-103 days | 39% | $468.00 | $732.00 | -$134.30 (11.2%) |
| 104-107 days | 40% | $480.00 | $720.00 | -$133.15 (11.1%) |
| 108-111 days | 41% | $492.00 | $708.00 | -$132.00 (11.0%) |
| 112-115 days | 42% | $504.00 | $696.00 | -$130.85 (10.9%) |
| 116-119 days | 43% | $516.00 | $684.00 | -$129.70 (10.8%) |
| 120-122 days | 44% | $528.00 | $672.00 | -$130.19 (10.8%) |
| 123-126 days | 45% | $540.00 | $660.00 | -$130.68 (10.9%) |
| 127-130 days | 46% | $552.00 | $648.00 | -$129.53 (10.8%) |
| 131-134 days | 47% | $564.00 | $636.00 | -$128.38 (10.7%) |
| 135-138 days | 48% | $576.00 | $624.00 | -$127.23 (10.6%) |
| 139-142 days | 49% | $588.00 | $612.00 | -$126.08 (10.5%) |
| 143-146 days | 50% | $600.00 | $600.00 | -$124.93 (10.4%) |
| 147-149 days | 51% | $612.00 | $588.00 | -$125.42 (10.5%) |
| 150-153 days | 52% | $624.00 | $576.00 | -$125.92 (10.5%) |
| 154-157 days | 53% | $636.00 | $564.00 | -$124.77 (10.4%) |
| 158-161 days | 54% | $648.00 | $552.00 | -$123.62 (10.3%) |
| 162-165 days | 55% | $660.00 | $540.00 | -$122.47 (10.2%) |
| 166-169 days | 56% | $672.00 | $528.00 | -$121.32 (10.1%) |
| 170-172 days | 57% | $684.00 | $516.00 | -$121.81 (10.2%) |
| 173-176 days | 58% | $696.00 | $504.00 | -$122.30 (10.2%) |
| 177-180 days | 59% | $708.00 | $492.00 | -$121.15 (10.1%) |
| 181-184 days | 60% | $720.00 | $480.00 | -$120.00 (10.0%) |
| 185-188 days | 61% | $732.00 | $468.00 | -$118.85 (9.9%) |
| 189-192 days | 62% | $744.00 | $456.00 | -$117.70 (9.8%) |
| 193-195 days | 63% | $756.00 | $444.00 | -$118.19 (9.8%) |
| 196-199 days | 64% | $768.00 | $432.00 | -$118.68 (9.9%) |
| 200-203 days | 65% | $780.00 | $420.00 | -$117.53 (9.8%) |
| 204-207 days | 66% | $792.00 | $408.00 | -$116.38 (9.7%) |
| 208-211 days | 67% | $804.00 | $396.00 | -$115.23 (9.6%) |
| 212-215 days | 68% | $816.00 | $384.00 | -$114.08 (9.5%) |
| 216-219 days | 69% | $828.00 | $372.00 | -$112.93 (9.4%) |
| 220-222 days | 70% | $840.00 | $360.00 | -$113.42 (9.5%) |
| 223-226 days | 71% | $852.00 | $348.00 | -$113.92 (9.5%) |
| 227-230 days | 72% | $864.00 | $336.00 | -$112.77 (9.4%) |
| 231-234 days | 73% | $876.00 | $324.00 | -$111.62 (9.3%) |
| 235-238 days | 74% | $888.00 | $312.00 | -$110.47 (9.2%) |
| 239-242 days | 75% | $900.00 | $300.00 | -$109.32 (9.1%) |
| 243-245 days | 76% | $912.00 | $288.00 | -$109.81 (9.2%) |
| 246-249 days | 77% | $924.00 | $276.00 | -$110.30 (9.2%) |
| 250-253 days | 78% | $936.00 | $264.00 | -$109.15 (9.1%) |
| 254-257 days | 79% | $948.00 | $252.00 | -$108.00 (9.0%) |
| 258-261 days | 80% | $960.00 | $240.00 | -$106.85 (8.9%) |
| 262-265 days | 81% | $972.00 | $228.00 | -$105.70 (8.8%) |
| 266-268 days | 82% | $984.00 | $216.00 | -$106.19 (8.8%) |
| 269-272 days | 83% | $996.00 | $204.00 | -$106.68 (8.9%) |
| 273-276 days | 84% | $1,008.00 | $192.00 | -$105.53 (8.8%) |
| 277-280 days | 85% | $1,020.00 | $180.00 | -$104.38 (8.7%) |
| 281-284 days | 86% | $1,032.00 | $168.00 | -$103.23 (8.6%) |
| 285-288 days | 87% | $1,044.00 | $156.00 | -$102.08 (8.5%) |
| 289-292 days | 88% | $1,056.00 | $144.00 | -$100.93 (8.4%) |
| 293-296 days | 89% | $1,068.00 | $132.00 | -$99.78 (8.3%) |
| 297-299 days | 90% | $1,080.00 | $120.00 | -$100.27 (8.4%) |
| 300-303 days | 91% | $1,092.00 | $108.00 | -$100.77 (8.4%) |
| 304-307 days | 92% | $1,104.00 | $96.00 | -$99.62 (8.3%) |
| 308-311 days | 93% | $1,116.00 | $84.00 | -$98.47 (8.2%) |
| 312-315 days | 94% | $1,128.00 | $72.00 | -$97.32 (8.1%) |
| 316-318 days | 95% | $1,140.00 | $60.00 | -$97.81 (8.2%) |
| 319-326 days | 96% | $1,152.00 | $48.00 | -$91.73 (7.6%) |
| 327-334 days | 97% | $1,164.00 | $36.00 | -$77.42 (6.5%) |
| 335-341 days | 98% | $1,176.00 | $24.00 | -$64.77 (5.4%) |
| 342-349 days | 99% | $1,188.00 | $12.00 | -$52.11 (4.3%) |
| 350-365 days | 100% | $1,200.00 | $0.00 | -$24.66 (2.1%) |
About Desjardins Insurance Cancellations
- • Minimum premium retained: varies by policy
- • Processing time: 2-4 weeks for refund
- • Method: Cheque or original payment method
- • Required: Written cancellation request
Pro Rata Exceptions
Desjardins Insurance may offer pro-rata (no penalty) cancellation for:
- • Switching to another Desjardins Insurance policy
- • Vehicle sold with proof of sale
- • Moving out of coverage area
- • Total loss claims
Ready to Calculate Your Exact Desjardins Insurance Refund?
Use our calculator with your specific policy dates for an accurate refund estimate
Understanding Desjardins Insurance Short Rate Cancellations
When you cancel your Desjardins Insurance insurance policy before its expiration date, the company uses this short rate table to calculate your refund. The short rate method ensures Desjardins Insurance retains enough premium to cover administrative costs and the risk they assumed while your policy was active.
How to Read This Table
Find the number of days your policy was active in the first column. The "Premium Earned %" shows how much of your annual premium Desjardins Insurance keeps. The remaining percentage is your refund, minus any outstanding amounts.
Tips for Cancelling Desjardins Insurance Insurance
- Time it right: The penalty percentage increases significantly in the first few months. If possible, wait until closer to renewal.
- Ask about exceptions: Desjardins Insurance may waive penalties for certain situations like financial hardship or if you are switching to another Desjardins Insurance product.
- Get it in writing: Always request written confirmation of your cancellation date and refund amount.
Why Desjardins Has Lower Penalties
As a cooperative, Desjardins operates differently from traditional insurance companies. Their primary goal is to serve members rather than maximize shareholder profits. This philosophy extends to their cancellation policies, where they typically charge lower short rate penalties (7.5-15%) compared to competitors who may charge 10-20%.
Additionally, Desjardins members who have been with the company for several years or who hold multiple products may have more flexibility when it comes to cancellation terms. If you're a long-standing member, it's worth asking about loyalty considerations when cancelling.
Compare with other insurers: Universal Calculator
Compare Other Insurance Companies
Click on any company to view their specific cancellation fee rates and policies.