My car insurance is due for renewal in the next couple of weeks but in June we were planning on buying a new car. What is the best way to deal with this situation? If I buy new insurance, do I just transfer it across to a new car and pay extra if it costs more? Will I have to stick to the same insurance company because a different car may cost a lot more to insure with them?
Answer:
1 – normally when you get the new car you just have the policy altered and pay a difference or get a part refund if the premium for the new car is different.
2 – early cancellation of a car policy nearly always means that you pay penalty and admin costs that would most likely outweigh the difference in premiums