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I'm confused, please help

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I have just bought a brand new car which I will be picking up on 1st September, meanwhile my current insurance runs out on 23rd August. One insurance company have told me that you have 14 days to cancel a policy without a charge- is this correct for all companies? Would it be best to pay it all in one go or just a monthly installment? (Does it matter?) Can I use quidco still for cashback or will it not track if I cancel after 2 weeks?
Sorry for all the questions, thanks in advance
emylou
Married my wonderful husband February 2013!:happyhear
I want to wear my beautiful wedding dress everyday- it would make shopping so much more fun, I mean, people go shopping in their pyjamas these days.......
Must STOP spending!!! :)
Proud to be dealing with my debts!
Beautiful Rainbow Babies born on 31/12/14 @2:45am and 7/6/2017 @12:44pm

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  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    One insurance company have told me that you have 14 days to cancel a policy without a charge- is this correct for all companies?

    Don't assume that all companies have the same policy.
    You need to check.
    Would it be best to pay it all in one go or just a monthly installment? (Does it latter?)

    If the refund is delayed then you will be waiting for a larger sum if you pay in one go. With the monthly installment you may still have to pay the interest i.e. you might not get the entire payment refunded as part of it is interest for "borrowing" the money.
    Can I use quidco still for cashback or will it not track if I cancel after 2 weeks?

    It is possible that you won't get cashback for a cancelled policy.
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