Query on Insurance canx fees

HueyBuey

Hi, I have posted this on the Insurance Forum too but wondered whether anyone on here might offer some advice too as there always seems to be more people viewing: -
Hi, Just wanted to know what anyone may know about the extortionate fees required in order to cancel my insurance. Basically I have sold my car to try to save money as I am a DFW, the car my husband uses is also registered & insured in my name. My car was with Tesco his is with Provident via Its4Me.com, I spoke with both today regarding cancelling the policies to try to ascertain whether it would be better & cheaper to transfer our remaining car onto my Tesco policy as I have 7 years no claims on that or whether to cancel my Tesco policy and move my no claims to the Provident policy. Both are paid monthly and I have been advised that in order to cancel with Tesco it will cost me £53.25 and to cancel with Its4Me £71.00 ( I called Provident direct and the girl there agreed this seemed extortionate but as I purchased through Its4Me she couldn't cancel with me directly). I have been insured with Tescos for years and in that time have only ever claimed for a windscreen. Can anyone tell me whether they have appealed against these charges and received a discount of any kind ? Especially with the whole bank charges thing I wondered whether this is all actually legal. I can't believe that even when I try to lower my monthly outgoings to help my debt situation I still end up having to fork out extra money - grrrrrrrrrrr

Bossyboots

You should find somewhere in your policy terms and conditions the fees for cancelling policies. Based on what some other people have said, this actually sounds pretty cheap