car insurance -cancelling mid term

warnski

Hi everyone, I'm looking for some advice...

I really want to run my old banger til its mot runs out in january, but my insurance is up for renewal soon. On average, do providers charge a lot for cancelling insurance before 12 months is up? Because I'd like to re-insure til january but if I stand to lose much I will start looking for a new car right now

thanks

anewman

The charges are usually fully detailed in the terms and conditions which you should read before purchasing a policy.

andyrules

I would ask your current insurer what they would charge to change your policy midterm to another car.

I've just done this and it cost £9 less as they considered current car is cheaper to insure (even though it's newer) but with a £10 admin fee that meant I owed them £1, which they waived.

Some companies charge quite hefty admin fees, so it might pay you to do a bit of shopping around at this stage.

Conor_3

Also remember that it is possible to suspend a policy until you get another car although there's a limit to how long they'll do this and it means it is suspended so you can't drive someone elses car on it if you have that currently.