Car Insurance company won't transfer my son's policy.

DullGreyGuy

jimjames said:

DullGreyGuy said:

CrustySweetRoll said:

GrumpyDil said:

They can choose to not provide cover on the new car and to charge a cancellation fee.

Although their site suggests the cancellation fee should be 45.00.

Presumably your son had some NCD to take with him so the increase in the cost will be down to the newer, more expensive and I assume, higher insurance group car. 

Yes you're right about the cancellation fee, I thought it was £500 but it was £50, texting typo thankfully.

He had actually contacted them yesterday to get a ball-park figure and they had said £850 over the phone and to just say "No" leaving him with a purchased vehicle...its not a business model I'd use.

Appreciate you've already realised that cancellation fee isnt what you thought it was but its always important to cancel the old policy and not just let it run out... for older drivers the £50 could be more than the monthly payments left due and so they're tempted to just let it run on.

In the past I've let policy run on but with no vehicle on it which avoided the cancellation cost

What do you mean "no vehicle on it"? You cannot typically have a policy with no identified vehicle