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Changing my House Insurance Renewal Date?

Hi

A couple of years ago, my husband (without thinking about it or asking me about it) put our car insurance  (2 cars) and house insurance on an Admiral Multicar Policy that is due for payment all at the same time in January (just after our expensive Christmas Shop). It comes to over £600 and it stings really hard, especially as our mortgage has just gone up plus all the crazy winter fuel bills.

I have spoken to Admiral. I have offered to pay 6 months early, so that we can reset the date but they have said they can’t do it. Now I feel like we are trapped forever because even if we change from Admiral, our House Insurance and Car Insurance is always going to come out at the same time.

My husband and I have a rule…. our only debt is our mortgage… so we budget and pay for things outright but this particular situation is causing me real budgeting issues.

Apart from Direct Debit, do you know or have any suggestions for how I can change the month my car and home insurance is paid out on?

Thanks

Comments

  • bluelad1927
    bluelad1927 Posts: 407 Forumite
    Third Anniversary 100 Posts Name Dropper
    edited 28 July 2023 pm31 2:40PM
    How did they manage to all fall in line for the Admiral policy, were the two cars bought coincidentally the same month as the house renewal.

    If not there must have been some break somewhere and a policy cancelled mid year. It sounds like you're going to have to do that again.

    We once bought two new cars in the same month. Never again!! MOTs tax and services in the same month
  • DullGreyGuy
    DullGreyGuy Posts: 15,736 Forumite
    10,000 Posts Second Anniversary Name Dropper
    How did they manage to all fall in line for the Admiral policy, were the two cars bought coincidentally the same month as the house renewal.

    If not there must have been some break somewhere and a policy cancelled mid year. It sounds like you're going to have to do that again.
    So you buy the policy with a single risk on the insurance and then say 3 months later your next car comes up for renewal you add it to that policy so you are effectively insuring it for 9 months until the next renewal. Certainly when I was looking at helping a client to create their own similar offering the pain of having to shop around for all their policies at the same time was seen as the main benefit as it would cause people to decide its not worth the effort and just renew each time. They did 0% APR so people could spread the cost for nothing else to mitigate the one downside.


    The OP would need to ask Admiral about how to remove a vehicle mid term and the costs involved (remembering you'll lose the discount off the other items). The alternative is a longer plan to not renew next year, buy separate annual policies and then cancel one or two mid term to shift the start date.
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