A 14 day cooling of period is common for many financial agreements including loans, credit cards and car insurance.
If you receive a letter from your car insurance that reads something like:
“If you wish to continue your policy you don’t have to do anything. If we don’t hear from you before the expiry of your policy it will be automatically renewed”
And then did you forget to try and find a more competitive price only to discover the renewal date had just lapsed and your new policy with your existing insurer has already come into effect?
Do not panic!
You still have 14 days to find a better quote and cancel your existing policy.
Because your renewal is actually a new 12 month contract you are entitled to a 14 day cooling off period from the date the policy starts in which to terminate the contract if you so choose.
This means if your new policy has just started with your existing insurer and you think you could get a better deal elsewhere, there may still be time!
If any money has exchanged hands you will need to communicate with your insurer to find out if you are entitled to a refund.