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Insurance rebates???

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Old 09 May 2007, 12:16 AM
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X30NGO
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Default Insurance rebates???

If i pay a years insurance on the first of June, in my impreza, lets say £1000. Then i buy a focus and sell the Impreza on the 2nd June and my insurance would be £500 on that, would the insurance company give me £500 back??? Or is it just credited to my next years renewal price or what??? (Becasue i might not neccesserily want to renew the next year, but move to another company...)

...Or do i simply lose the £500??

Thanks, John.
Old 09 May 2007, 12:19 AM
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Microstar
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Normally they will refund you the difference, but with an 'administration charge' deducted.
Old 09 May 2007, 12:26 AM
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X30NGO
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well as long as i get the majority i'm happy enough i suppose. thanks mate
Old 09 May 2007, 11:33 AM
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DanUK
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You have 14 days to cancel insurance, would that be the better way to go? You'd get a full refund that way!
Old 09 May 2007, 12:49 PM
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speedking
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They normally round off to a full month and deduct a charge too
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