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When you remove a car off of your insurance policy do you receive your deposit back?

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Your down payment typically covers one or more months of premium along with any other fees and / or costs associated with processing your policy. It is not a 'refundable deposit,' but rather a portion of your obligation toward payment of your total premium. Your insurance company will issue a credit for the unused premium when you remove a vehicle from your policy.

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This car insurance answer was last updated 3:19 PM Apr-19.
This Insurance Companies question was asked 03:12 PM April-19-2005.
Aisha requested this car insurance help from CarInsurance.com experts.
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