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Chaning insurance
Charlie23
Posts: 265 Forumite
This might be the wrong place to post and may also be a really stupid question but i'm not sure.
I want to change my insurances and find cheaper quotes. Can i change insurance companies and policies mid way through the year? I pay monthly direct debit.
Thanks
Charlie
I want to change my insurances and find cheaper quotes. Can i change insurance companies and policies mid way through the year? I pay monthly direct debit.
Thanks
Charlie
0
Comments
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you can but they will charge you a premium for doing so.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Also for car (and home
) you will lose the NCB you have built up so far this policy year. If you have full NCB on your car it doesn't matter so much but if you only have a year or two you might want to change insurers at renewal.
You have to weigh the cost of cancelling against the saving you might make by switching.:heart2: Love isn't finding someone you can live with. It's finding someone you can't live without :heart2:0 -
If the insurance contract is annual, you are best usually waiting until renewal. The fact you pay monthly doesn't necessarily mean you pay as you go on a monthly basis. Things like car and house are annual contracts.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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