Lisa1306

lisa1306

So I took out car insurance with a well known company last year for £900 I had no claims but my automatic renewal was £1770.00 . I did not see the email until 2 days before my renewal , I was shocked at how it was nearly double so went on line and got a new quote from compare the market and the cheapest quote for £900 was from the same company that I had been with . So I called them up and cancelled my insurance , the chap on the phone said we will cancel and refund you the £1770.00 to which I replied I have not paid it and it wont go out of my bank as I don't have £1770 in my account , the next day I noticed they had tried to take a dd of £1770 but the next day there was no trace of any payment being made , then a week later they pay £1770 into my account which has been sat in there for the last week, what to do obvs not going to call them up but also not going to spend it , any advice anyone ?

bigisi

lisa1306 wrote: »

what to do obvs not going to call them up but also not going to spend it , any advice anyone ?

What advice do you want? You've already said what you're going to (or rather not going to) do so not sure the point of your question?

Quentin

Money saving advice:

Put it in an interest bearing account till they ask for it

agrinnall

Quentin wrote: »

Money saving advice:

Put it in an interest bearing account till they ask for it

I would leave it where it is for a while as they may be able to take it back without asking, and doing so if you've move it elsewhere might take you overdrawn.

DCFC79

You should edit the thread title to reflect something more relevant.

LadyDee

Why are you "obviously" not going to call them up? Don't count on them not spotting their mistake and recalling the money.