Cancelling car insurance - they want £40

Avoriaz

OP, have you asked your current insurer if they will match the quotes you are getting elsewhere?

Worth a try perhaps.

JustinR1979

ossie48 wrote: »

hilarious..the point of the thread was over the alleged illegality of not cancelling the insurance but dont let that stop you throwing in a few funnies

I wouldn't attempt a funny in reply to this thread, you've got everyone beaten hands down on that front

iolanthe07

It is £40, !!!!!!! Some insurance companies keep their headline rates down by charging a hefty fee for making changes. Considering the overall cost of motoring, it really isn't a big deal. Just pay it.

Marvel1

ossie48 wrote: »

I have maximum no claims (so not an issue)

Wouldn't the new policy ask for proof?

ossie48

Iceweasel wrote: »

I think that your current insurance company saying it was 'illegal' was just a bad/wrong choice of words. I doubt it would be illegal.

However if you were to say nothing and let it run, there would be a problem with the Motor Insurers Data Base when the new owner of the car your selling insures it. You can't have 2 different people insuring the same car.

Your current insurer may well then cancel your policy - and that would give you BIG problems in the future.

Then we have the problem in that the max NCB you have cannot be transferred to the new car policy with the new insurer until either cancellation or the end of the 12 months period with the current insurer.

I would be paying the £90 and then changing insurer once you get the renewal from the current one in 2 months time.

Helpful post thanks..

st999

I did that a few years ago, Swinton wanted more from me than I had paid for my insurance.
I just let it run till it was finished.


Just make sure there is no auto renewal on it.

BillTrac

Only one poster noticed the uplift was £90. Not sure where £40 came from.

That is a ridiculous amount. I changed my car a few weeks ago for a new one. Called my insurance company (Direct Line)and paid an extra £18 to cover the new car for the final three months of my policy.

bob_a_builder

Not sure where £40 came from.

Maybe it was the OPs thread title, which gave them a bum steer

matttye

BillTrac wrote: »

Only one poster noticed the uplift was £90. Not sure where £40 came from.

That is a ridiculous amount. I changed my car a few weeks ago for a new one. Called my insurance company (Direct Line)and paid an extra £18 to cover the new car for the final three months of my policy.

£90 to insure new car on current policy for remainder of the year.

£40 to cancel policy - which is what the OP wants to do as he doesn't want to pay £90 to insure the new car for 2 months.

[Deleted User]

DaveTheMus wrote: »

If you and I buy a car together for £1000. We take out two insurance policies on the same car, one for you and one for me both valued at £1000 each. We have an incentive to crash the car as we could very quickly turn £1000 into £2000.

I'm afraid you are wrong.

If the vehicle is covered by more than one policy, each policy will only pay out its share of the claim.