Swapping car insurances
Discussion
Morning,
One of my colleagues has found a new car she wants to buy. Her current insurer won't insure her on her new car (going from a 1.0 Fiesta to a 2L Golf Diesel) so she wants to take out a new policy with a new Meercat company. Her current policy ends in 8 weeks time but she can pick up the new car in the next fortnight trading in her Fiesta for the Golf.
Can she take out a new policy with a new insurance provider and just let the old policy lapse without any penalty? Her current Fiesta insurer is telling her she needs to cancel the policy and pay a £55 charge, to let the policy lapse will cost her £64 for the next 2 months payments (although she pays yearly her total cost divided by 12 months would be £64)
T.I.A
One of my colleagues has found a new car she wants to buy. Her current insurer won't insure her on her new car (going from a 1.0 Fiesta to a 2L Golf Diesel) so she wants to take out a new policy with a new Meercat company. Her current policy ends in 8 weeks time but she can pick up the new car in the next fortnight trading in her Fiesta for the Golf.
Can she take out a new policy with a new insurance provider and just let the old policy lapse without any penalty? Her current Fiesta insurer is telling her she needs to cancel the policy and pay a £55 charge, to let the policy lapse will cost her £64 for the next 2 months payments (although she pays yearly her total cost divided by 12 months would be £64)
T.I.A
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