TESCO car insurance - Cancellation fee ripoff

PeacefulWaters

Granny_Bear wrote: »

Look my single point with this is... I take out an insurance policy for a car, I then sell the car, surely that insurance policy contract is over ?

Yes.

And part of that contract said it would cost £30 to cancel early.

What part of that don't you understand?

SimonSays

It amazes me how many people don't read the terms. Then complain

and those who want insurance for 20p but want the insurance to pay out £10k for their £500 motor.

Aretnap

st999 wrote: »

I had that problem when I bought a new car, it was actually cheaper for me to leave the old insurance running than cancel it, even though I no longer had the car.

This isn't necessarily the best option. If the car's new owner doesn't insure it and your old policy is still running, your insurance company could find themselves liable for the third party costs of the accident. They could then demand that you reimburse them for those costs as it was you who allowed the new owner to drive the car without cancelling the policy. While the risk of this happening is probably fairly low, if it did happen it could be very expensive indeed.

mattyprice4004

Granny_Bear wrote: »

Look my single point with this is... I take out an insurance policy for a car, I then sell the car, surely that insurance policy contract is over ?

What happens is that they lock you in, so if you ask to insure a new car they can quote you any figure they like. If you continue then they are quids in, if you cancel they are quids in.

Therein lies your problem - the contract isn't over, you assume incorrectly.
£30 is very reasonable, as everyone agrees.

I also note how you make many points about how it's a scam, and when they're torn to pieces you say 'your single point is this'. Back-pedalling won't save you the £30...

mgdavid

Granny_Bear wrote: »

Really... please do tell me how £30 is reasonable ?!??

Why did I buy it ?! I bought an insurance policy for a car. I hadn't thought about changing my car at that point in time.

Your lack of forethought and planning is not their problem.

CKhalvashi

Granny_Bear wrote: »

Look my single point with this is... I take out an insurance policy for a car, I then sell the car, surely that insurance policy contract is over ?

What happens is that they lock you in, so if you ask to insure a new car they can quote you any figure they like. If you continue then they are quids in, if you cancel they are quids in.

The contract is for a year, not for a month.

If I take a 12 month phone/broadband contract then move house, they'll charge for connection at the new property (and also a termination fee in certain circumstances)

You agreed to a contract when you signed up, so why should it be expected to change to your terms now?!

Smithers37

Boss: I'm sorry employee, I'm going to have to let you go as we are down sizing.

Employee: I see, that sucks but what can you do. Can I have my 2 weeks notice as per my contract?

Boss: Well now.. I don't think I should have to pay that.

Employee: Why not? When you agreed to hire me you said I have a 2 week notice.

Boss: But I hadn't thought of down-sizing at the time I hired you!


I wonder what the OP would have to say to the Boss in that situation.

BillJones

Granny_Bear wrote: »

Look my single point with this is... I take out an insurance policy for a car, I then sell the car, surely that insurance policy contract is over ?

Look, I book a hotel for a week, but leave after two days, surely the contract to pay for a week is over?..

May I ask, do you feel that only you get to change the terms of the deal? If the insurance company decided a couple of months in to stop giving you insurance, would they have that right, too, or does only one side of this bilateral legal contract have to be binding?