I have just sold my car and called the Post Office to cancel my insurance. Apparently tha=ey charge a %age of the policy for cancelling. My cancellation fee was 40% of the total policy fee plus £35 admin fee less what I had paid so far. Basically that equated to a cancellation fee of £225 which increased each month I delayed!! Unfortunately because I'd now informed them that I no longed owned the car it's a case of tough sh** as they would charge me regardless £260 after 30 days. It turned out cheaper to go out and buy a crappy car and change (not cancel) the insurance! I'm now hoping I get another 14 days to cancel when the new policy arrives so that I can leave these cowboys and move to a slightly more expensive but less money grabbing company! The only advise I was given was 'you had 14 days to review the policy and it states our cancellation fees there'. Lesson learnt me thinks! I only ever check that the cover and names are right but from now on I'll be checking the rest of the 15 pages too.