Car insurance question

Gregry252

I am 4 months into a policy with Aviva with 3 years NCB, paying £88 a month. (over £1000 for 12 months)

I have just got a quote from Churchill for £628 for a full 12 months.

I have a credit card that has 0% interest for about another 12-14 months that I am considering using to pay the £628 in one so no interest from Churchill and no interest from the CC company.

So should I cancel 4 months in and loose 4 months towards another year NCB and save my self money for the next 12 months OR should I just stick it out for the extra year NCB with Aviva and save in the long run?

Quentin

You need to find out how much you will be charged if you cancel - it won't just be a case of stopping your monthly payments!

Then you will have a better idea of your "saving" over the 16 months these 2 policies will cover.

adamc260

Avivas policy booklet says the following on cancellations:

"Alternatively, if the principal policyholder wishes to cancel and the insurance cover has already
commenced, the principal policyholder will be entitled to a refund of the premium paid, subject to a
deduction for the time cover has been provided. This will be calculated on a pro-rata basis for the period
we have provided cover. There will also be an additional charge of up to £38.00 (subject to Insurance
Premium Tax, where applicable) to cover the administrative cost of providing the policy."

Once you get to 4 years NCD Aviva offer 15 weeks worth of free cover (Deducted from your premium) and you can get cashback too via cashback websites.

Gregry252

Quentin wrote: »

You need to find out how much you will be charged if you cancel - it won't just be a case of stopping your monthly payments!

Then you will have a better idea of your "saving" over the 16 months these 2 policies will cover.

They want £40.28 to cancel.

adamc260 wrote: »

Once you get to 4 years NCD Aviva offer 15 weeks worth of free cover (Deducted from your premium) and you can get cashback too via cashback websites.

But with Aviva I am paying £400 more than a competitor and considering I have been with them for 2 years that seems pretty poor!

I am just so annoyed that in 4 months the price I have to pay has dropped by £400 on the comparison sites! I presume its because I have a different job and am now 22 instead of 21?

So what would you money saving experts do? I am just looking to save money where I can as I had to take a pay cut in the new job