Suspend insurance

[Bryando]

As I no longer have a car I have suspended my policy. However decided not to get another car til after Christmas.

I have only just started the policy.

As I pay montly I will need to keep paying each month, no choice. I assume as I will be going with no car for some time, I will need to cancel?

£150 a month for nothing is a hard one to take, so getting tempted no to pay at all to be honest!

If I was to do this, will getting insurance on a monthly basis be harder? Things are already hard enough as 95% + of companies don't quote to folk like me with unspent convictions (non-motoring)

[devilsadvocate]

Just ring up and cancel

They will obviously charge you for the amount of days you have been covered and refund the rest

Failing that just cancel the direct debit

[Furio-Gazza]

If you cancel your monthly direct debit at the bank without telling them & they fail to take your monthly insurance they will default/charge you interest for a failed payment,

best thing to do is ring them say you don't own the car no more & you want to cancel your insurance and they will work out your cancellation fee,

some company's have a fixed cancellation fee (Around £60) but some other company's do it differently,
like the last company i was with they worked out what i had remaining to pay off on the full insurance then i pay off like 10% off the full price... so say you have £1200 left to pay on the insurance you would pay 10% off that so be like £120 :y:

[devilsadvocate]

If you cancel your monthly direct debit at the bank without telling them & they fail to take your monthly insurance they will default/charge you interest for a failed payment,


I have cancelled two direct debits with car insurance companies and was not charged.

They just send you a letter saying 'Your DD has been cancelled, please call us within the next 7 days or your insurance will be cancelled'

I refused to pay the cancellation fee and simply cancelled the DD, ignored the initial letter and I got a second letter to say my insurance had been cancelled.

No cancellation fee
No extra payments (I had obviously paid for the amount of days I was insured for)
No 'charges'

Ring them up first and see what they say, you may not have to pay a cancellation fee

[Cam]

I have cancelled two direct debits with car insurance companies and was not charged.

They just send you a letter saying 'Your DD has been cancelled, please call us within the next 7 days or your insurance will be cancelled'

I refused to pay the cancellation fee and simply cancelled the DD, ignored the initial letter and I got a second letter to say my insurance had been cancelled.

No cancellation fee
No extra payments (I had obviously paid for the amount of days I was insured for)
No 'charges'

Ring them up first and see what they say, you may not have to pay a cancellation fee

I have done this to but also got a letter saying they will take me court but just ignored it, not heard anything for about 8 months now

[devilsadvocate]

I have done this to but also got a letter saying they will take me court but just ignored it, not heard anything for about 8 months now

There not gonna take you to court over a £60 cancellation fee, it would cost them more to persue it.

It's an empty threat, they push to see what they can get away with

[mlawlan69]

i am with admiral and took myself off a multicar policy for a month whilst i was without a car.
the bird on the phone said as long as i put myself and a new car on the policy within 6 months i would still receive my no claims!!

was tempted to be without one for 6 months to save some money and still get my 1st years no claims but decided after only a month not having a car wasnt an option haha.

[Cam]

There not gonna take you to court over a £60 cancellation fee, it would cost them more to persue it.

It's an empty threat, they push to see what they can get away with

I know lol same as what old man said