Car insurance cancelled

Hlmx

Hi guys, I'm looking for a bit of advice. My car insurance policy was cancelled in October last year due to a problem with my bank not allowing payments out of my account. So that led to my policy being cancelled. Straight away I got other insurance which cost me a good bit more but knew I had to pay it. I have tried disputing this with my bank but they basically are saying there wasn't a problem etc !!!128542; so I'm looking to change my car and have priced up insurance and I'm looking at between £1500 and £3500 when I was only paying £700 last year!!!128543; the car I'm upgrading to isn't any more valuable than what I have atm. So does anyone have any clues as to how I can try get cheaper insurance companies etc or any advice on how I can try rectify the cancellation?

huckster

Is your new Insurance more expensive because you declared having had an Insurance cancelled ?

If so, you really should have contacted an Insurance broker and discussed this. There is no reason why a cancellation due to non payment of a direct debit should affect the premium you pay. It might affect whether monthly payment is offered.

huckster

And I should have said that obviously quote for new car will depend on new car details and all other information provided.

You should speak to Insurance brokers in your area. Mention the cancellation, but only that it was a failed direct debit.

dacouch

huckster wrote: »

Is your new Insurance more expensive because you declared having had an Insurance cancelled ?

If so, you really should have contacted an Insurance broker and discussed this. There is no reason why a cancellation due to non payment of a direct debit should affect the premium you pay. It might affect whether monthly payment is offered.

Just for the record, last time I checked Axa (and possibly Swift)specifically ask about cancellations due to non payment. But they are the only company I am aware of that do this.

Hlmx

I will contact them today thanks. Most sites I have checked have asked if I have had a policy cancelled there has only been 1 or 2 and with regards to the new car. I've been told its in the same spec as my present car.

FutureGirl

It isn't just about the spec of your car.

Pricing policies takes into account more than just your car and it's value. It takes into account how many claims the insurer has paid out involving people with that make and model car at your age for example, as well as number of claims in your area, plus things such as theft claims involving that particular vehicle... plus loads of other things.

forgotmyname

I was getting quote on a ton of cars a while back, put 2 seemingly identical cars into the comparison site and one was cheaper then the other.

Other than the reg number they were identical.

Same year, same engine, same spec level, same interior trim. Yet one was more to insure than the other.

Hlmx

I don't think it is just about the spec of the car. I understand some cars are all different the thing I don't understand is because of the declaration of a cancelled policy insurance that I've been quoted £500 for are now £1500 to £3500 seems a bit steep because of something I find quite minor. I will call insurers and explain the circumstances