Recently Retired

petehevans

I retired last year. I contacted my car insurance company to tell them I no longer needed the "commuting" part of my insurance. They reduced my premium by £18 pa pro rata.

Brewer20

Yes it's always worth mentioning these little things, but ultimately costly if not. My two cars are on a multi policy, one garaged the other on the drive overnight. When I got my policy through it stated both were parked on the driveway overnight, they gave me a £23 refund and ammended the policy.


Have you also reduced your annual mileage on the policy. I don't think that will have much of an impact on the price of the premium but worth mentioning and adjusting for future quotes, that's if you do less mileage.

[Deleted User]

petehevans wrote: »

I retired last year. I contacted my car insurance company to tell them I no longer needed the "commuting" part of my insurance. They reduced my premium by £18 pa pro rata.

But did you not have to pay a fee for changing the policy, or is that what you mean by pro-rata?

QuagaarWarrior

Not every insurer charges fees for mid-term making changes to a policy. In fact, I think insurers may find it increasingly difficult to do so when most documents are issued electronically these days.

rudekid48

QuagaarWarrior wrote: »

Not every insurer charges fees for mid-term making changes to a policy. In fact, I think insurers may find it increasingly difficult to do so when most documents are issued electronically these days.

Just because something is issued electronically does not mean that it doesn't cost money.

jaybeetoo

My house insurance premium fell when I retired and also when I paid off the mortgage.