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[Kate]

Just wondering whether anyone can help?

I've sold my Omega but hope to get another one in the near future. My insurance is £39 a month but I'm worried about cancellation fees as I've had the policy less than 3 months. In the paperwork it says I would get a 50% refund on the premium.

I've paid 2 payments so I'm guessing I would have to pay at least another 2 payments plus the cancellation fee?

What should I do?

[Field Marshal Dr. Opti]

The fee is usually in the region of £50, Ms.Kate.

This is the figure I was given when terminating the insurance on my Omega. Fortunately for me the Signum was also insured with Saga so they didn't charge me.

This is because I'm a very very nice man.

[Field Marshal Dr. Opti]

Just wondering whether anyone can help?

I've sold my Omega but hope to get another one in the near future. My insurance is £39 a month but I'm worried about cancellation fees as I've had the policy less than 3 months. In the paperwork it says I would get a 50% refund on the premium.

I've paid 2 payments so I'm guessing I would have to pay at least another 2 payments plus the cancellation fee?

What should I do?

That is crazy.
I pay about £130 P/A........£170 for the Signum.

[Kate]

I've been using my NCD on another car and central Basingstoke seems to be a high risk area.

And I'm only 21 of course.

[Rods2]

Just wondering whether anyone can help?

I've sold my Omega but hope to get another one in the near future. My insurance is £39 a month but I'm worried about cancellation fees as I've had the policy less than 3 months. In the paperwork it says I would get a 50% refund on the premium.

I've paid 2 payments so I'm guessing I would have to pay at least another 2 payments plus the cancellation fee?

What should I do?

That is crazy.
I pay about £130 P/A........£170 for the Signum.

That's because you live in a sparsely populated area M'lud, where people complain about the high speeds glaciers tear around at!

[Field Marshal Dr. Opti]

I've been using my NCD on another car and central Basingstoke seems to be a high risk area.

And I'm only 21 of course.

.......for the 27th consecutive year.

[Field Marshal Dr. Opti]

Just wondering whether anyone can help?

I've sold my Omega but hope to get another one in the near future. My insurance is £39 a month but I'm worried about cancellation fees as I've had the policy less than 3 months. In the paperwork it says I would get a 50% refund on the premium.

I've paid 2 payments so I'm guessing I would have to pay at least another 2 payments plus the cancellation fee?

What should I do?

That is crazy.
I pay about £130 P/A........£170 for the Signum.

That's because you live in a sparsely populated area M'lud, where people complain about the high speeds glaciers tear around at!

Glaciers are far quicker than they used to be, Mr Rods.

[biggriffin]

Just wondering whether anyone can help?

I've sold my Omega but hope to get another one in the near future. My insurance is £39 a month but I'm worried about cancellation fees as I've had the policy less than 3 months. In the paperwork it says I would get a 50% refund on the premium.

I've paid 2 payments so I'm guessing I would have to pay at least another 2 payments plus the cancellation fee?

What should I do?

If your paying monthly buy DD, just stop the DD, then no fee. Simples

[Kate]

Just wondering whether anyone can help?

I've sold my Omega but hope to get another one in the near future. My insurance is £39 a month but I'm worried about cancellation fees as I've had the policy less than 3 months. In the paperwork it says I would get a 50% refund on the premium.

I've paid 2 payments so I'm guessing I would have to pay at least another 2 payments plus the cancellation fee?

What should I do?

If your paying monthly buy DD, just stop the DD, then no fee. Simples

Wouldn't that bugger up my credit rating though?

[STEMO]

Why don't you ring and ask them what the situation is, Kate, instead of trying to second-guess the smallprint.

[05omegav6]

I cancelled.my Taxi insurance after three months and the cost was approximately £198, or two monthly payments. I was able to arrange to pay this outstanding amount over a period of time once the numbers were confirmed.

Ring your broker, they will say policy has £X outstanding. This is then less any premiums paid to date and less any rebate due. The final amount owing will be what you pay.

Say £600 policy, paid as £100 deposit then 10x £40 premiums.

After two months you have paid £180. The 50% figure is £300 plus an Admin fee of say £50. You pay £600 - £300 - £180= £120 plus the admin fee, so a total of £170.

Substitute your own figures to give you a ballpark idea

[EMD]

The nice helpful chaps at any insurance company are always there to get you full value for money .... robbing b#sta#ds   

[biggriffin]

Remember insurance is not, and never will be in your favour.
The only difference is insurance is needed to be legal, robbery is illegal, unless its called insurance

[Kate]

Thanks for the advice.

I've seen a Golf on eBay which I like so I might buy it. It might be cheaper to buy it than cancel the policy.

[RobG]

Thanks for the advice.

I've seen a Golf on eBay which I like so I might buy it. It might be cheaper to buy it than cancel the policy.

I've sold my Omega but hope to get another one in the near future.