Originally Posted by MichaelG
If you take out a years Insurance on a car......pay your deposit of whatever, say £120.....and then your £40 odd a month....if you decide to cancel the insurance after only a few weeks cos you are selling the car....what happens ?
Do they penalise you or do you just lose what you have paid so far ?
Dont want to get stung for the rest of the premium !! lol
When i was with liverpool victoria, i cancelled my policy early, and was given back some money for the remaining term, calculated pro-rata.
I'm now with admiral, and paying monthly... if i cancelled i'd pay a £40 admin fee and i believe i'd lose my months premium.
All in all insurance is a cnut.
Wish i was only paying £40 a month! £212 or so for me!