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Moving into temporary accomodation - car insurance going up!
Charliezoo
Posts: 1,732 Forumite
Hi,
We're completing on the sale of our house at the end of the month and don't expect to complete on our own house for at least 2-3 weeks so have lined up a temporary flat to stay in owned by a friend.
Just called the car insurance company to let them know our address will be changing and they've said it will cost an extra £62.00 on our policy, something to do with the area! It seems like a lot of money to pay for living somewhere for a couple of weeks, no doubt we'll then have to pay again when we move in to our new house we're buying.
Any advice on what to do?
We're completing on the sale of our house at the end of the month and don't expect to complete on our own house for at least 2-3 weeks so have lined up a temporary flat to stay in owned by a friend.
Just called the car insurance company to let them know our address will be changing and they've said it will cost an extra £62.00 on our policy, something to do with the area! It seems like a lot of money to pay for living somewhere for a couple of weeks, no doubt we'll then have to pay again when we move in to our new house we're buying.
Any advice on what to do?
0
Comments
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The £62 will cover from move-in date to the end of the policy (when is your renewal date)? Postcode has a big impact on car insurance premiums due to the relative likelihood of theft/vandalism. When you move to the house you're buying, you may well get a refund if it's a better area (insurance database wise!).
You can either pay the additional premium or cancel the policy and shop around for a new one, but you'll get whacked with an admin charge for cancelling so it's probably not worth it. You could reduce your cover to get a bit of money back from them (i.e. fully comp to TPF&T or TPFT down to TP only)...0
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