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Can you cancel insurance?

Discussion in 'Motors' started by Mattius, 19 Jun 2006.

  1. Mattius

    Wise Guy

    Joined: 18 Oct 2002

    Posts: 2,092

    Location: Edinburgh

    im in my first month on insurance with a company, can i cancel it?
    my insurance at the moment is £550 i just recieved another quote for £99 including breakdown assistance!!!
     
  2. Chris1712

    Sgarrista

    Joined: 29 Jul 2004

    Posts: 9,361

    Location: Somerset

    Check your cover note stuff, i know with admiral theres a 14 day 'cooling off' period.
     
  3. Scania

    Capodecina

    Joined: 25 Nov 2004

    Posts: 24,669

    Location: On the road....

    Yes, you can, you may have to pay an "admin charge" of some sort.

    I've cancelled a policy in the past and just paid for the cover I'd received. :)
     
  4. [TW]Fox

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 157,238

    You got a quote for a years car insurance for £99?

    Erm, whats the catch? Even old people with Micra's dont pay that little.
     
  5. agw_01

    Capodecina

    Joined: 11 Apr 2004

    Posts: 19,681

    Maybe it's £99 a month ;)
     
  6. pinkaardvark

    Soldato

    Joined: 18 Oct 2002

    Posts: 6,705

    Location: Cambs

    So £1200 a year, which then begs the question why cancel the other policy? And don't tell me the other one was £550 a month.
     
  7. Zip

    Capodecina

    Joined: 26 Jun 2005

    Posts: 20,224

    Location: Australia

    You drive the spitfire dont you? :confused:
     
  8. Mattius

    Wise Guy

    Joined: 18 Oct 2002

    Posts: 2,092

    Location: Edinburgh

    yeap classic car insurance is just stupid, im insured through a main insurer at the moment, had three quotes now from classic car insurers max one was £150 for a year, best was £98 a year.
     
  9. ob1

    Gangster

    Joined: 16 Apr 2006

    Posts: 202

    wow thats quite a contrast. 15 years old to qualify as classic isnt it or are there other requirements? I pay 156 for a 13 year old car but 50% sounds good :p
    Ive cancelled in the past and it was a full refund minus 40 for the admin charge, you need to send back the insurance document or they will charge for a replacement as well maybe
     
  10. aztechnology

    Mobster

    Joined: 12 Aug 2004

    Posts: 2,503

    Location: Oop North

    Your policy booklet should detail the cancellation procedure. If your outside the 14 days cool off period (hooray for distance selling regulations) you will not likely get everything back, there is usually a sliding scale in operation (some might even pro-rata it honestly), If you have had a claim within this years period, it's unlikely any return will be given.

    If you can't find it in your policy booklet, then phone up the brokers and ask.
     
  11. saitrix

    Sgarrista

    Joined: 2 Jun 2003

    Posts: 8,944

    Location: Loughborough

    Who was that quote with by the way?
     
  12. roboffer

    Sgarrista

    Joined: 18 Oct 2002

    Posts: 9,599

    Location: Sunderland

    As others have said, most companies let you cancel it buit then sting you for an admin fee, normally around £50-60. As with anything like this, just ring them and ask!
     
  13. Downsy

    Gangster

    Joined: 5 Mar 2004

    Posts: 490

    Location: Aylesbury

    True, £140 fully comp for J reg Micra out on the road.
     
  14. Dogbreath

    Capodecina

    Joined: 18 Oct 2002

    Posts: 16,655

    Location: Devon

    My boss has just paid £150 for his 911SC insurance, historic policies can be very cheap if you only intend to do a couple of thousand miles a year in the car.
     
  15. Gamefreak501

    Sgarrista

    Joined: 7 Aug 2003

    Posts: 8,027

    Location: Bedfordshire

    I would be interested to know who your insurance is with..however, you have probably got much more driving experience than me.

    Best quote I have had so far is £1057 a year, with Norwich Union Rapid Bonus Cover. However, I still don't have my full license and am spending the time until I pass my test to do my Spitfire up.
     
  16. Kol

    Capodecina

    Joined: 8 Jan 2003

    Posts: 13,973

    Location: London

    The only problem you'll find with the £99 quote, is that it's limited mileage etc. etc. When I had my GT, I was insured with Admiral as I only had two months left on my policy when I bought it, so stuck with them. However, I did get silly cheap quotes, but they were limited mileage amongst many other conditions.
     
  17. saitrix

    Sgarrista

    Joined: 2 Jun 2003

    Posts: 8,944

    Location: Loughborough

    Perfect as a toy though, or for someone who doesnt have to drive to work.
     
  18. richolmes72

    Wise Guy

    Joined: 1 Jul 2005

    Posts: 1,345

    Location: London

    Who is the quote with? how many years NCB do you have? How old are you?

    I'm thinking of chopping in the Jag in september, going back to my old peugeot and picking up a convertible when they're cheap in the middle of winter, i would probably choose a spitfire or maybe some kind of yank classic.
     
  19. PeterNem

    Sgarrista

    Joined: 15 Feb 2003

    Posts: 8,322

    Location: NJ/NY, USA

    Birthday:
    12th Sep 1982 - in his profile.
     
  20. ob1

    Gangster

    Joined: 16 Apr 2006

    Posts: 202

    Pretty incredible, I wish I'd known the age of the car was more important then the person driving it.
    Come to think of it I've never owned a car 15 years old or more but I would have had I known it was so much cheaper. Doesnt matter now of course because Iam practically a classic myself :p