changing cars on an existing insurance policy.

[AlexS]

Ok, I have an existing insurance policy open on the clio, which I paid up front. It has 6 months remaining on it.
If I was to change the car now, and added it to the original policy would I just have to pay half the cost of a years insurance on the new car, minus the money I have already paid from the remaining half of the Clio policy?
Does this make sense?

Alex

 

[M.C..]

if you swapped cars now you tell your insurance and they would transfer the remainder of the policy to the new car for a ammendment fee (normally about £10) then they would give you some money back if the insurance is cheaper or you pay the differance if it is dearer

 

[keben6]

Yep as MC says

 

[Jo3y]

... or if it's more expensive just charge you the extra for the remaining months on your policy.

I transfered over from my RS with 8 months left on my policy and had to pay an extra £160 for the upgrade

 

[AlexS]

Ok,
-I paid £800 for the year on the Clio.
-The new car would be £1700 for the year.
-There is 6months left on the clio policy therefore they owe me £400.
-Half £1700 because there are only 6 months remaining =£850
-Minus the £400 already paid out for the original policy would mean I owe them £450 for the remaining 6 months of the policy...

Is this right or am I in a muddle!

 

[cat171]

I think your taking too much off tbh (an extra £400) I think you'll have to pay £850.00 - if in doubt call them up.

 

[Blue4Ever]

yep. cat171 sounds right.

 

[Pep]

shouldnt be too much to be honest, what car u got in mind??

it doesnt always go on the quotes, best was is to ring up and fnd, i nearly bought an astra, would have cost me £3000 on a policy, but switching with my clio which i payed £1800 for, for 4months of the remaining policy would have cost me £60ish, so was a good price!

just ring and ask

 

[Jo3y]

Ok,
-I paid £800 for the year on the Clio.
-The new car would be £1700 for the year.
-There is 6months left on the clio policy therefore they owe me £400.
-Half £1700 because there are only 6 months remaining =£850
-Minus the £400 already paid out for the original policy would mean I owe them £450 for the remaining 6 months of the policy...

Is this right or am I in a muddle!

Think of it this way, you have £400 left on a 6 month policy, six months on the new car would be £1700/2 = £850 minus the £400 is £450 so I think you're right mate

 

[AlexS]

Ok,
-I paid £800 for the year on the Clio.
-The new car would be £1700 for the year.
-There is 6months left on the clio policy therefore they owe me £400.
-Half £1700 because there are only 6 months remaining =£850
-Minus the £400 already paid out for the original policy would mean I owe them £450 for the remaining 6 months of the policy...

Is this right or am I in a muddle!

Think of it this way, you have £400 left on a 6 month policy, six months on the new car would be £1700/2 = £850 minus the £400 is £450 so I think you're right mate

Yeah I thought I was right!

 

[AlexS]

shouldnt be too much to be honest, what car u got in mind??

it doesnt always go on the quotes, best was is to ring up and fnd, i nearly bought an astra, would have cost me £3000 on a policy, but switching with my clio which i payed £1800 for, for 4months of the remaining policy would have cost me £60ish, so was a good price!

just ring and ask

Yeah I did ring them up the other day about a 172 but its such a hassle, im not a racist by any means but I find it hard to understand what he's saying. Definatly can't insure a 172 for reasonable money, have always wanted an Alfa 147, reckon I could insure a 1.6 one now, and always sell it in the summer when i can afford a 172, if I don't like it.

 

[CJ]

Doubt very much it would work like that, they will stack the premium for the beginning of the policy, much like if you pay a personal loan off early. You'll end up getting less tham half back probably.

 

[AlexS]

Doubt very much it would work like that, they will stack the premium for the beginning of the policy, much like if you pay a personal loan off early. You'll end up getting less tham half back probably.

They can fcuk rite off! Bunch of conmen, hate insurance companies with a passion! Should have payed monthly, even though its more expensive in the long run, prob wouldn't loose much.
Well I can't afford to piss away £400 so guess im sticking with the Clio until July then.

 

[AlexS]

If I cancelled the policy now surely they would have to give me half the premium I payed back because I ve only 'consumed' 6 months of the policy! Bloody joke, don't know why I bother with cars we just get raped, im off to research bus passes!

 

[M.C..]

if you check your policy it will state what refund you get if you cancel ie if you cancel withing 1 week of taking it out you will get a full refund, if you cancel up to 3 months you will get 65% and so on.
also if you try to change your policy to a car that they can't insure for you due to age etc you will get a full refund for the remainder.