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Car insurance discrepancy

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Comments

  • DoaM
    DoaM Posts: 11,863 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    But it wasn't just taken out of your account - you owed it anyway.
  • morallywrong
    morallywrong Posts: 13 Forumite
    10 Posts Second Anniversary
    AdrianC wrote: »
    When was your policy due for renewal, and roughly what percentage of the annual premium are they asking for?

    April 2019, accident happened late September. the annual premium was £244.69. does their fee add up?
  • Aylesbury_Duck
    Aylesbury_Duck Posts: 16,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    morallywrong wrote: »
    I'm just a bit mad that money was taken out my account whilst I didn't even own the car
    That's just a timing thing. You owe them the money, you can't just end all obligations the minute you dispose of the car. Get it paid so you don't have further hassle or increased costs.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    morallywrong wrote: »
    April 2019, accident happened late September. the annual premium was £244.69. does their fee add up?
    So the claim occurred ~6 months into a 12 month policy - and they're asking for the other half of the premium.

    Yes, that seems very fair...
  • Aylesbury_Duck
    Aylesbury_Duck Posts: 16,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    morallywrong wrote: »
    April 2019, accident happened late September. the annual premium was £244.69. does their fee add up?
    Yes. Roughly half a year's premium for roughly half a year still remaining on the annual policy.
  • morallywrong
    morallywrong Posts: 13 Forumite
    10 Posts Second Anniversary
    DoaM wrote: »
    But it wasn't just taken out of your account - you owed it anyway.

    I tried cancelling my policy but was told I can't because of the open case, could take upto 3 months to conclude case and I don't think they would have notified me anyhow thus me cancelling the monthly direct debit
  • morallywrong
    morallywrong Posts: 13 Forumite
    10 Posts Second Anniversary
    ok thanks guys that's enough clarification. saved me making a stupid decision
  • Aylesbury_Duck
    Aylesbury_Duck Posts: 16,273 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    morallywrong wrote: »
    I tried cancelling my policy but was told I can't because of the open case, could take upto 3 months to conclude case and I don't think they would have notified me anyhow thus me cancelling the monthly direct debit
    Always beware when cancelling direct debits. Doing so doesn't cancel a contract and risks incurring costs.
  • chrisw
    chrisw Posts: 3,917 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    morallywrong wrote: »
    April 2019, accident happened late September. the annual premium was £244.69. does their fee add up?

    Not far off. Six months cover would be around £122.
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