Car Insurance

[littlesally]

I bought a new car yesterday and needed insurance immediately so I rang my insurance company. For some reason the amount hiked up from £47 per month to over £90.
As I needed to drive it home over seventy miles I decided against risking not buying it, so agreed.
Looking through the Compare sites I see that I can get insurance (and better deals) for half this.
Can I cancel my insurance without massive penalisation? Is there a breathing space or am I now committed?

[des8]

Re: Car Insurance

You have a 14 day cooling off period in which to cancel thepolicy.
The insurer can (and will) charge for the "time on risk" and also make an administrative charge.
If you purchased through an intermediary you might find they will add on their admin charge as well.

Get on the phone on Monday and ask what the cost will be, before making a decision.

[littlesally]

Re: Car Insurance

Thank you.
There's about £300 difference so if I can change it will 😉