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Admiral Mid-Term Motor Cancellation = £45!

mentat72 · 2008-04-08 11:54:51

Hi all, just called up Admiral to cancel my motor insurance as I have sold my car. The cancellation fee was £45! :eek: :eek: :eek: While I'll be getting back a fair amount as the policy is December to December, I think that charge is extortionate. So, just as a warning don't take up Admiral car insurance if you may be…

Comments

dunstonh Posts: 119,921 Forumite

24 September 2011 at 4:24PM

PLEASE, let us stop this utter NONSENSE that insurance firms are running at a loss.

Ok then. The companies have given the figure of costs running at £123 for £100 paid. What is your figure and what is the source for it?

Admiral just reported record profits, for example.

The vast majority of which does not come from the insurance underwriting.

Yes, the stock market is affecting their investment profits, but they are still profits.

What about the losses?

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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