Motor insurance

[Groupie]

Hi A freind has bought a new car and was looking for insurance cover online but because her present insurance is being paid monthly she has been told she must pay the monthly payments until it expires (6 months)is this legal or just another scam by insurance companies.. Any ideas of what she should do would be welcome. Thank you in advance.

[ChuckFickens]

It's not a scam, it's called a contract. your friend agreed a contract with the insurance company to pay for one years insurance and they are just keeping to the contract. if your friend wants to get out of the contract early then they will have to pay whatever the early termination fee which will be defined in the contract and may be the full remaining cost of the years insurance.

why can't they just change their current insurance over to the new car and look for new insurance at the end of the term?

[Groupie]

Thx Will do that

[SpikeyBush]

My secretary (this happened years ago) bought herself a nice secondhand Ford Escort, 1981 X reg. Had it pinched from the CoOp Shopping Giant car park three months later. She tried to cancel the policy as having third party only cover she couldn't afford to buy another car and, rather undrestanderbly, resented having to pay on the drip to insure a car that turned out to have been used to get away from a post office blag and was subsequently set on fire. She was left, no money, no car and still a direct debit to insure a pile of ash next to some singed bushes. So I told her to tell her insurers to just suspend her insurance until she got a replacement car which she did and they agreed. They were a bit annoyed when it turned out to be three years before she got a replacement car but fair play to them they honoured their agreement.