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Cancelling car insurance - being charged whole policy amount
Hello you lovely people. I bought my daughter a car, 3 weeks later the power steering pump broke and there were a few other issues that arose so I returned it and got a full refund. A Choice insurance are now charging me the full years insurance to cancel the policy... is this correct ??
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Comments
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What specifically do the T&Cs say re. cancellation?
Is it these, which seems to indicate £50. How much was the policy? Had any claims been made on the policy?
https://www.achoiceinsurance.co.uk/terms-of-business/
Did they mention any Time on Risk fees?0 -
I was previously at a choice.By any chance is this a learner drivers policy?0
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I've had this previously its fairly normal if you are paying monthly because they loan you then you repay it monthly
2026 wins - Parker Pen, American Sweets bundle, dish magic bundle
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It will be time on risk
Tye insurers cancellation fee - around £26 from memory
a choice cancellation fee - £50
and their retained commission
all of which comes from a fairly small premium to begin with1
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