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Refunding or freezing a car insurance policy

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fiesata | 22:24 Mon 08th Feb 2010 | Motoring
2 Answers
I have built up a no claims bonus over 30 years of driving but am getting a company car next month with insurance included - I can't afford to keep my current car there doing nothing so I will sell it

What happens to my current insurance policy - can I get a refund or I remember reading sometime ago that a policy can be frozen if so does anyone know how long for - and could I transfer it to a classic car - which I've been meaning to buy for years - nothing fancy just an old Austin or Ford or similar

Would be nice to have an idea before I contact my insurers everything always seems to be on their terms and to their advantage :(

Thanks

Paul
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If there is a lot of time left you may get a partial refund, but it is usually nowhere near the amount a simple calculation would suggest.
Check with your insurance company but your no claims bonus should be valid for up to 2 years from when you cancel it.

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