Insurance refund after selling my car ?

silentscream999

hello,

i took our my car insurance in feb with swinton. now i am planning to sell it and not buy a car as i have no need.

Was just wondering would i recieve some sort of refund for my insurance ?? if not i think ill keep the car till it expires as ill be paying for nothing!

cheers

ginnersinner

Your terms and conditions will specify how much refund you'll get - it'll be a percentage based on how much of the year you've paid for has gone by.

Hintza

And a bit for admin charges. Give them a ring and see.

cyclonebri1

The time on risk thing kicks in heavily after a month or 2, so I would guess that although you are only 50% into the policy you would get around 20% back, something like that anyway.;)

Just a thought, if you don't have much NCB and are intending to buy a car later, if the refund is likely to be very low, it may be beneficial to allow the policy to run out normally gaining you another years NCB if you take it up again in the future,

mattymoo

Just to add to cyclonebri1's sound advice, most insurers recognise NCB up to 2 years old. After that period, any earned NCB tends to be lost.

silentscream999

cheers everyone, much appreciated. will put it up for sale then

Already have max NCB so no need for me to do that, thanks anyways.

Quentin

Make sure that when you cancel you get them to send you proof of your NCD entitlement.