Insurance switch over after renewal date

mr1974

Hi

My insurance has renewed automatically on 02/11/2009.
I have a cool off period for cancellation lasting 14 days.

I want to change to another provider s the rate has shoot up and I can get it cheaper elsewhere (I used moneysupermarket and found it cheaper).

Can yo suggest on what is the correct course of action to take? Should I contact the new company and explain what the status is, or should I cancel with the existing one before applying fo rthe new one?

Thanks
MR

Quentin

It's worth contacting your existing company and talking through your intention to cancel within the 14 days. Explain you have a better offer you intend to take up, and they may match it rather than lose you. (Also double check you can cancel penalty free).

If they won't play ball, then take out the new cover to start tomorrow and go back to your current insurer and cancel your current policy from midnight today.