Moving home, insurance going up! can i do anything about it??

debred86

Hi all,

just a general query, i am moving home soon and obviously need to change my address part way through my insurance. My renewal dat is not until the end of January.

I have looked online comparing my new and old address and it has gone up substantially. Is there anything i can do about it?

I still need to ring up my insurance and see how much it actually is. Just wondering if it may be cheaper to cancel my current insurance and start a fresh with my new address.

If i did this i presume i get the remainder of my premium back as i paid in full.

Cheers guys thanks for reading:beer:

flicks

I guess the question has to be answered about why it's going up. Is this admin charges or are you moving to what insurers class as a higher risk area?


If the latter applies I would suggest that there would more than likely be a substantial increase from all insurers.


Of course you can shop around and cancel your current policy but watch out that the cancellation charges from your current insurer don't outweigh the potential savings.

debred86

its the area that changes the price, its classed as town centre so more high risk!

i guess next step is to call up and see how much it will be, and what cancellation charges are (i forgot about those!)

I imagine for what i save its not worth the hassle i just wondered if there was any way of saving money!

ilikewatch

Also remember that you won't accumulate any NCD for this year if you cancel part-way through the year.

flicks

It's always worth a try but find out about the dreaded cancellation charges before you do any quotes and then you can weigh up the savings, (or additional costs). Remember also that changing insurers also involves sending proof of NCD to new insurer which I personally think is a lot of hassle.