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op out of car insurance
Leedash
Posts: 441 Forumite
i want to ditch my insurance company,but they want £40,any cheeky way to give them only a two finger salute,lol
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Comments
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yep, pay them the £40 whilst popping a moonie.0
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not really. If its going to cost you money in order to cancel the policy mid year just leave it running and make sure that it doesn't auto renew when its up.
(I am assuming you either have new insurance or have got rid of the car)0 -
If its just £40 then that is very good. Mid term cancellation rates typically mean you are still liable for some premium as well on top of that i.e. if 6 months gone, then you need to pay 8 months premium (if monthly you will owe them, if annual they will take into account on the refund).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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it my last month with this insurance group,needs rewed start of next month,ive just check my last insurance from these and it was £562 last year now its £962 sounds and looks iffy, and all details are exactly the same.0
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it my last month with this insurance group,needs rewed start of next month,ive just check my last insurance from these and it was £562 last year now its £962 sounds and looks iffy, and all details are exactly the same.
Rather than cancel it and pay a £40 charge, why not choose to not renew it. You dont get charged when you dont renew.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 -
sure it says in my new quote that if you want to opt out you have to write to them and they will charge you ?0
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sure it says in my new quote that if you want to opt out you have to write to them and they will charge you ?
They can't charge you for not renewing.
Write a letter to them sending it to them by recorded delivery informing them that you are not renewing your insurance after this current term expires immediately.
If they then send you a back letter stating they are going to charge you come back to the forum and start a new thread.I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0 -
sure it says in my new quote that if you want to opt out you have to write to them and they will charge you ?
as the above poster said they can only do that for mid term cancellations. They cannot force you to renew with them for a new year or pay fees.
Notify them you will not be renewing and find yourself a new quote!0
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