Car insurance when selling car

Cookiepops

I need to renew my car insurance at the end of the month but we are planning on replacing the car in August.

Ive always paid for the year upfront as it usually works out cheaper but what is the best way to pay when Im changing my car half way through the insurance year?

newfoundglory

Probably simply by finding the cheapest policy, and then cancelling it for a refund (subject to an admin fee, which you'll have to check). Just don't have an accident or make a claim!

forgotmyname

Find a company thats cheap for your current car and your future car, if you know what its going to be of course.

Short term policy could cost you more for 6 months than a full year.

luci

Can you not just transfer the policy to the new car when you replace your current one?

27col

I have never had a problem about changing over my insurance from one car to another. Occasionally I might have had to pay a small extra premium if the new car was in a different group.

Tremour-88

Just take out some new insurance and call em up to swap your car, I recently changed from a 2000 Focus 1.8 to a 2003 Focus 1.6 and Admiral charged me £90 for this (idk how since its a smaller engine car) split over my remaining monthly payments.

forgotmyname

I had one that refused to swap the cover over from my 1L metro to a 3.5L V8 rover. They thought
22 year old on a V8 no thanks.

Insurance didnt seem to be the nightmare it is now, £200 i think it cost? But thinking about it, It was probably dear but i was on better money then.

Horseunderwater

We've frequently had to change cars during the term of a car policy over the years. Never had any problems doing so. Normally there will be an admin fee of £25-£50. Depends on insurer. Sometimes there can be a reduction in premiums or an increase. Newer cars can on the whole cause small rise and different makes and engine sizes can affect it as well. Before you buy your new policy, ask the insurer the same question to every one you consult at renewal and write down options and costs for each at the time. Insurance can be simple or hard, it is upto you the policy holders to get it to work for you.
Having spent 1.5hrs on phone to Barclays the other night about house insurance - lady was adamant she could save me dosh. Told her I'd already confirmed renewal with Current insurer as they were still cheapest option. She just did not get that 12 x payments of £22+ were more than 11 payments of £23 and mine included the APR charge. Worked out at £30 by end of call. And all this was during the evening meal cook up!

property.advert

Just the same as regular renewal. Look for a decent company at the best price for the level of service you want. Cheapest is not always best !

But also look at the price to change details or cancel. Most cancel pro rata these days but do check. Direct Line is about £16 or so to change something.