Kayelem

Hi all.
My car insurance is due to run out on 12th May. I need cover for another 2 months until we leave for OZ. I just asked my insurance company and they don't do short term cover or an extension. I have just looked at short term cover on the net and it is nearly £150 for 28 days so for 2 months cover it would cost nearly the same as a whole years cover!! Anyone else been in this situation?

lapin_windstar

Can't you just get a pay-monthly policy and cancel it after two months?

Kingseat

I agree with lapin.

lonndongeek

Get a 12 month policy and pay it monthly by direct debit. Don't pay by monthly card payment as these can be more difficult to cancel than a direct debit from a regular current account.

Cheers

Steve

eddie007

Yep... we left our VW Golf in the uk at my parents house (out of sight and under cover) the insurance lapsed and we didn't bother renewing it because it was for sale...

it was stolen and torched, we got nothing

worth paying up for insurance and allowing for a spell past your uk departure date in case it hasn't sold before you go

oz bound

Do you mean pay by direct debit cos if you do I don't think this will work, my understanding of it is that when you agree to paying it by direct debit it is on the assumption that you hold the policy for the year and if you cancel before the year is out that you may have to pay the difference accordingly. This might mean that the op ends up paying what they've been quoted for 2 months cover regardless inorder to get out of the policy.

I could be wrong though

Ellie x

Kingseat

The customer is entitled to cancel the direct debit at anytime.....

https://msds.open.ac.uk/your-record/...irectdebit.htm

rosebee

I always saved money doing this and if you need to cancel the policy without a refund it may help to offset the cost!

Go to Martin Lewis website, www.moneysavingexpert.com full of lots of excellant saving ideas. Do a search for car insurance and follow all the stages thru once you have your quote, remember to look at cashback sites and see how much more you can save. If you get stuck pm and I will give you a step by step guide.

Our last renewal for my oh car (prior to leaving the Uk) was 280.00 (pounds) by doing the search and using all the tools available and then comparing quotes for like for like, I managed to get it down to 235.00 (pounds) I then went to a cashback site and by sheer luck they were offering doubecashback, which was 120.00 pounds bringing the policy down to 115.00 pound, you can guess which policy I purchased!

Let me know how much you save?

rachyj

Hi

We were exactly in the same boat-in fact we still are, we have got a car still in the UK to sell which our parents are doing for us.

We used Ecar insurance, I think it worked out about £65 per month roughly on a rolling month basis, and then we cancel online when we need to. As soon as the car is sold I will cancel the insurance...

Hope this helps

lapin_windstar

2 different things:

- whether you can cancel the policy during the term of cover
- how you pay it

IIRC (and I am not an expert) you can usually either pay a policy monthly or you can pay for a year up front for a discount, but either way you can cancel the policy and stop paying or get a refund for the unused portion respectively. If renew in Jan and sell the car in Mar, you don't usually lose nine months' money.

ABCDiamond

Agreed with lapin.

With your current policy, how much will they charge for early cancellation.

Some insurers have a hefty charge, but some others are very reasonable, and it may be worth renewing for one year, and then cancelling when needed.

Back in the days when I was involved in these things, the policy document spelt out these costs, but that was a while ago now.