Temporary/Short Term Car Insurance

Black20VT

Hi all,

I was hoping someone can help/point me in the right direction.

We're currently advertising my son's car, but his policy is due to expire soon.

If we don't manage to sell the car before the policy expires, we're obviously going to have a renew, but we don't want to pay for an entire year and get charged for early cancellation, as we could sell it 1 day after renewal or 1 month.

So, what's the cheapest option that people can think of the keep it insured, but not get stung by big cancellation charges or outrageous renewal fees?

Hopefully, I've given enough info to go on, but if people need anymore info to help, please let me know.

Open to any suggestions!

Thanks,

Chris.

benjaminM

Is your son replacing the car? If he is you could add the car he is trying to sell to the insurance policy as a temporary additional vehicle. Other than that I think the cheapest way would be to take out an annual policy, the cancelation charges would probably be cheaper than temp cover or day cover. If you manage to sell the car in 14 days you should be able to cancel the car insurance and only be charged time on risk, this is because all policies have a 14 day cooling off period.

If it goes beyond 14 days there are ways round the ridiculous cancelation fee's. If you insure the car through a decent insurer/broker (not comparecheapandnasty.com) you maybe able to get the vehicle cancelled pro rata. The way to do it is through what is known as an 'unacceptable amendment'. Tell the insurer you want to do a change of vehicle to a Porsche/Ferrari etc or something thats likely to be unacceptable. The chances are the insurer will say they cant insure it because your son is too young. In such cases the insurers are obliged to cancel pro rata because it is an 'unacceptable amendment'. Probably best not too mention the words unacceptable amendment as they will know what you are up to!