Changing Insurance Problems

whyhellothere

Hi i'am wanting to change my car insurance i have found a cheaper one but i need to know what the implications are.


To start i am with churchill have not been with them for a year but i have found another insurer cheaper the problem is i have had an accident in my car (yes it was my fault) and what i need to know is will i have to pay my current insurer anything when i leave.

Also i paid a deposit will they keep this i am paying on DD every month

Any help appreciated

Rgds

wolftastic_2

Almost certainly they will not give a refund and you will have to pay the whole years insurance, so if you are paying monthly you will have to pay the balance.

whyhellothere

Thanks

So my best bet would be to wait until i need to renew my insurance that way i wont owe them owt and may even get deposit back

Rgds

MarkyMarkD

Normally your initial payment on an instalment scheme is just the first few months' premium - so you are unlikely to get anything back at the end IMHO. There's no point at all switching insurers during the insurance year that you have an accident.

whyhellothere

thanks again

I am going to wait till renewal date

rgds

andy88_2

did you declare the accident on your new quote? I'd look at them again at renewal time

whyhellothere

Well when i applied it said
(have you made any claims in last 3 years)
i said no because i have not made any claims

Although when i applied for another insurer i had to tell them about the accident because it said

(Have you regardless of fault had or made any claims in last 3 years)
so i had to say yes.

they asked for the truth

Rgds

rabialiones

what if the cars a right-off and u dont buy a nnotha car. do u still have to keep p;aying instalments for the rest of the year?????????

whyhellothere

i think your tied for the year if paying in installments

ohreally

rabialiones wrote:

what if the cars a right-off and u dont buy a nnotha car. do u still have to keep p;aying instalments for the rest of the year?????????

The short answer is yes i'm afraid. You've entered itnto a years contract for insurance cover which you pay monthly, not to have insurance on a month to month basis, therefore you will have a contractual obligation to pay the outstanding premium.