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Car Insurance
kookai_3
Posts: 8 Forumite
I pay my car insurance monthly which I started in June this year via insurance broker. I have just compared on-line comparison and can get it about £130 cheaper online. Can I cancel the policy I have now (I have paid 5 instalments so far)?
K
K
0
Comments
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Yes, probably, but you won't get a pro-rata refund.
Given that your £130 per annum is only £70 for the 7 months you have remaining, I'm not sure whether it's worth the hassle to be honest. Depends how much your annual premium is. You could easily be penalised 20%.0
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