best options for short term car insurance

MrChips

At my last mot renewal in January, my mechanic advised that my 16 year old car would struggle to get through the mot the following year (or at least without a significant amount of work). I've been meaning to get a new car for a while anyway so an aiming to do so over the next few months.

However the insurance is due for renewal later this month so just wondering what my options are for temporary insurance for six months or so? I normally pay for a year of cover in one installment. Could I switch to paying monthly and just cease paying after January?

I'd like to keep running the car as long as legally possible as my wife is learning to drive and I don't mind her practising in it as it's almost worthless.

InsideInsurance

Monthly installments just means the insurer gives you a loan for the premium (or in some cases they use a third party company to give you the loan) and doesnt in any way change the policy.

Cancel a policy mid term and you will have cancellation fees, non-refundable elements, possibly commission clawbacks and other such things. If you paid in full up front then this is deducted from the refund. If you paid by installments then this then becomes payable and the finance company may also add on an additional fee for early settlement.

Realistically for 6 months or so you are looking at an annual policy and either finding one with the lowest cancellation fees or just the cheapest one you can find and hope that your new car will also be cheap with them so when you switch cars you simply transfer the insurance over.

forgotmyname

Insure as normal and swap the policy onto the new car when you get it. Make sure they will cover the new car before buying it.

The admin and other fees to changeover will normally be less than a short term policy.