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    • LadyDee
    • By LadyDee 12th Jun 17, 8:46 AM
    • 2,336Posts
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    LadyDee
    Future Cancellation of Insurance help please.
    • #1
    • 12th Jun 17, 8:46 AM
    Future Cancellation of Insurance help please. 12th Jun 17 at 8:46 AM
    I am about to renew my car insurance with Direct Line from 29th June (best quote).

    I plan to move overseas very soon and this is very likely to be by the end of October, so I only need insurance for about 4 months.

    I know I'll have to pay a fee for early cancellation (round about £50 I believe?).

    Anybody know what sort of premiums I'd be looking at if I could find an ongoing month to month policy?
Page 1
    • Quentin
    • By Quentin 12th Jun 17, 8:54 AM
    • 32,115 Posts
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    Quentin
    • #2
    • 12th Jun 17, 8:54 AM
    • #2
    • 12th Jun 17, 8:54 AM
    If you mean take out short term insurance for the 4 months to avoid cancelling a normal 12 month policy you will find it much more expensive.

    Google temporary insurance and do dummy quotes to see!
    • LadyDee
    • By LadyDee 12th Jun 17, 10:13 AM
    • 2,336 Posts
    • 2,447 Thanks
    LadyDee
    • #3
    • 12th Jun 17, 10:13 AM
    • #3
    • 12th Jun 17, 10:13 AM
    If you mean take out short term insurance for the 4 months to avoid cancelling a normal 12 month policy you will find it much more expensive.

    Google temporary insurance and do dummy quotes to see!
    Originally posted by Quentin
    Thanks, I was afraid that would be the case, but I will look into it. I'll just have to accept the cancellation fee if it's going to cost so much more.
    • ilikethesimpsons
    • By ilikethesimpsons 13th Jun 17, 9:56 AM
    • 661 Posts
    • 918 Thanks
    ilikethesimpsons
    • #4
    • 13th Jun 17, 9:56 AM
    • #4
    • 13th Jun 17, 9:56 AM
    Call the AA, and pay monthly with them.

    They self finance, and when you cancel there are no cancellation fees, and you may even get a little cash back, if you are part way through a month.

    I did the same myself just last month.

    Obviously this is only an option if the quote is competitive, and you HAVE to do monthly payment. But well worth looking into.
    • Quentin
    • By Quentin 13th Jun 17, 11:03 AM
    • 32,115 Posts
    • 16,203 Thanks
    Quentin
    • #5
    • 13th Jun 17, 11:03 AM
    • #5
    • 13th Jun 17, 11:03 AM
    Call the AA, and pay monthly with them.

    They self finance, and when you cancel there are no cancellation fees, and you may even get a little cash back, if you are part way through a month.

    I did the same myself just last month.......
    Originally posted by ilikethesimpsons
    Are you sure tis was an annual policy you cancelled, and not monthly temp cover? Temp cover is much more expensive than annual cover pro rata - though the disadvantage is that should you have a claim whilst on annual cover you have to pay for the full year.


    They do charge cancellation fees when you cancel an annual policy irrespective if how you pay.


    From their policy:


    3. Cancellation outside 14 days






    Beyond 14 days of receipt of Your policy documentation or the date You enter into the contract, (whichever is later) You may cancel this insurance at any time. Your Insurer will refund a percentage of the premium
    ....... AAIS will charge a cancellation fee* of £30 and also retain its arrangement fee* of £28.......








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