Massive Car Insurance question

Truthsayer_1112

Hello all, I could do with some advice on a car insurance policy please.

My car ins is due on the second of July, I have already taken out a policy for £600 about three weeks ago. After speaking to my brother today he said to do a quote for ins on a comparison site and add our dad to the policy.

After doing this the quote came back as £450!! The only problem is its with the same people who charged me the 600 that I took the policy with!

So my questions are.
Would it be ok to call them and say I have found it cheaper, cancel the policy then reset it back up online through the comparison site and pay the £450.

Even if they charge a fee for cancellation I will still save about £100+

Will they cancel my second policy if they rumble what I have done? Is it wrong to do this or just immoral? Is it legal?

rs65

It is both moral and legal to cancel a contract and set up a new one.

I would phone them first and ask how much you would save adding your dad. Tell them what you are planning and they may match it.

Truthsayer_1112

Herein lies the moral bit, if I ring them and ask I'm sure they will not match the online quote. If they don't want to match it I'm giving them a heads up of what I'm about to do. They might cancel the original ins and put a block on my attempt at the new cheaper policy. Do you think they would do that lol?

Cornucopia

Was the second-best quote that far off that you have to use your existing insurer?

rs65

Truthsayer_1112 wrote: »

They might cancel the original ins and put a block on my attempt at the new cheaper policy

Why would they do that?

Truthsayer_1112

Cornucopia wrote: »

Was the second-best quote that far off that you have to use your existing insurer?

The first was with tesco bank, the second was with tesco bank plus. The difference was another £50.

@rs65. maybe because I am saving myself money and getting the same policy they might not like me playing the system and benefitting at their expense?

I think I will do it anyway, gotta be worth it if I can save myself 120 squids.

I'll ring them tomorrow and let you know what happens! Thanks for the replies