Insurance companies - changing car

[sm0273]

Quick question

Do your insurance companies usually charge you for changing car if it is in same group? I dont see any reason why they should but it seems like any way they can get some dosh out of you then they will.

[Crusoe]

they have to print out a new certificate and send it off so there are some costs incurred, there's usually and admin fee of around £20

[illmonkey]

It depends on value etc as well.

We've changed down and up insurance groups and money exchanged both ways.

Phone them up and ask if there will be a charge to change to XXXXXXX

[sm0273]

Yeah I have done, hence me saying my crapy company will try and charge as much as possible because I am already with them...

[illmonkey]

sm0273 said:

Yeah I have done, hence me saying my crapy company will try and charge as much as possible because I am already with them...

Get a quote from an other company, then cancel the policy you have, get a refund for the time left. Unless your getting a NCB.

[Moreymach]

illmonkey said:

sm0273 said:

Yeah I have done, hence me saying my crapy company will try and charge as much as possible because I am already with them...

Get a quote from an other company, then cancel the policy you have, get a refund for the time left. Unless your getting a NCB.

They will probably charge a cancellation fee as well which could wipe out any advantage in doing that.

Often insurers that offer the cheapest renewal/new business quote will be able to do so because they anticipate charging you for anything you do during the year. swings n roundabouts n all.....

[335man]

Insurers will often apply short period rates for cancelling early e.g. meaning you won't get a straight pro rata refund.

[sm0273]

335man said:

Insurers will often apply short period rates for cancelling early e.g. meaning you won't get a straight pro rata refund.

Indeed they do. So do the dvla when getting tax back. It costs 50 quid to cancel so that has no advantage.

[the snowman]

As previously stated, most companies/brokers ect.. charge for adjustments. This must be clearly stated in the terms of business supplied at inception. Some companies apply a loading if value has increased or you may have lost an age of vehicle discount. I wouldn't consider cancelling if its just £20 though. They'll cancel short period + chancellation charge and/or commission claw back and you will lose a yrs ncb you would have acquired.