Yeah, you essentially have to buy out the remainder of your policy if you cancel it early. Some insurers might also charge you an administration fee. For example if you pay £30p/m on your insurance then you'll have to pay £210 to cancel the remaining 7 months.Thats not standard.
I have 7 months left. So i'd have to pay those 7 months at what I pay per month?
All depends who you're with. A lot of brokers will mug you right off and do it on a staggered monthly basis IE get to 9 months and you'll still have to pay for the full 12, or if you don't have to pay for the full term you'll still have an admin charge to cancel the policy (£75 with Budget insurance for example).
However you go with a quality insurance company (I'm with one), this will normally only apply when insuring direct and not though a broker, then its pro-rata what you pay, ie only have 6 months cover and you only pay for 6 months cover, and only £41 admin fee on top which is acceptable imo
Brokers can be good for specialist or cheap annual insurance as long as you never want to make any changes or cancel mid term.
Only £25 more than what the policy would cost if I let it run though, hardly worth mentioning when the monthly payments were £300+ a monthAdmin fee AND the remaining months, so more than what leaving the policy to run in full would have cost
Only £25 more than what the policy would cost if I let it run though, hardly worth mentioning when the monthly payments were £300+ a month
ASDA Motor InsuranceThat is discussing. No way that £25 can be justified. The point of an admin fee is to cover any admin cost which is already included in the full annual premium, if you're paying that (the full premium) then there shouldn't be any additional charges
We went with Churchill btw, who managed fully comp, protected, with all the trimmings for £180 - and we get another Meercat
Bunch of idiots, who also gave incorrect advice on the changeover between cars which could have cost Mum 6 points on her licence
If it was on a recorded call you'll have been fine if you'd pushed it, had something of happened.
This is why I dislike brokers, all well and good for cheap annual policies, but a force economy should circumstances change
Finally rang insurance company, fees £65.
Hell of alot less than expected.
Can you do J turns in autos? If I had a car I wanted to get rid of I'd certainly be practising my J turns in a McDonalds car park
Can you do J turns in autos? If I had a car I wanted to get rid of I'd certainly be practising my J turns in a McDonalds car park
750's do J Turns, good to know....Wimp, do J-turns and hand brakes in my main car when required. Having said that only done one hand brake turn in the Bravo, 180 degrees then realised I had the nice soft winter rubber on, left a very think black line on the carpark and made me cry
Not done a J-turn in it yet mind. Although I can confirm that 750L's and Selecta's can J-turn very well, never managed a handbrake turn in them though, handbrakes never seem to have been good enough
