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Cancellation of Post Office Car Insurance - WARNING

Discussion in 'Off Gassing' started by DaveS, May 3, 2010.

  1. DaveS

    DaveS Play nice. Enjoy UKD

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    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.
     
  2. willbobber

    willbobber New Member

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    Bet they wouldnt say that if you didnt have any! noooooooo it would be your nicked sunshine now get in the back with the sheep! The sheep got nicked for free grazing
     
  3. indyblade

    indyblade Member

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    Not much help, but direct line is another similar one. I changed from my transit to a pajero and they wanted £40 cancelation/change fee for the transit to pajero plus adjustment to premium still the same policy end date. had an old £50 corsa last year with 4 months tax cost £7 a month to insure tried to cancel when tax ran out worked out cheaper to continue the payments for rest of policy.
    I have specialist insurance on my fireblade powered lotus 7 cost me about £500 when I looked at the policy I got a shock. premium £107. preperation and printing of policy £390 odd, that explained to me how they can do 12 months for the price of 10

    tony
     
  4. furryman

    furryman hmmmm
    Staff Member UKD Supporter

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    All companies are the same when it comes to a cancellation.
    Almost always better to transfer to a new motor. (Which doesn't help if you are not replacing a car, of course)

    Chris
     
  5. willbobber

    willbobber New Member

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    simple buy a shed swap insurance burn it out claim job done !!!!
     
  6. davethedemon

    davethedemon Active Member

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    Sounds like talk from experience. Coulad have done with you yesterday, few Germans at Loch Fynne locked thier keys in the boot of the car.

    DD
     
  7. willbobber

    willbobber New Member

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    No not experience!! Im not from liverpool lol (only jokin) probably would have got in part of my job dealin with locked cars (and no im not a teef) ha ha ha
     
  8. DaveS

    DaveS Play nice. Enjoy UKD

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    In fairness to the AA, they cancelled Polly's insurance for £50 (similar insurance costs/month to mine). We transferred her Punto into my name (I now 'own' a Punto) and called the Post office and changed my car details to the Punto. It now costs us £20 less per month than Polly was paying with the AA and I've avoided the £200+ charge!

    I still have yet to work out how a Punto can cost as much to insure as an S-Max when they are 8 insurance groups apart for the same 2 people as named drivers.

    Play them at their own game - robbing b******s
     
  9. willbobber

    willbobber New Member

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    Told you i was right lol. I cant work out how my insurance is lets say £10 for me alone fully comp when i put my dad on it came down buy £2. So if i put all my family on it would be free f***in result.
     
  10. furryman

    furryman hmmmm
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    You answered your own question... in their eyes you now own it, not Polly (ducks and runs)...
     
  11. Polly

    Polly Active Member

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    Ooh, I see Furryman is up for a tank battering?
    Don't worry, it's been noted. :mad:
     
  12. DaveS

    DaveS Play nice. Enjoy UKD

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    yer safe furryman - she's a warm water diver at the moment :)
    I'm turning soft too so need to get myself up to Vivian sometime very soon and get cold - erm, wet. I just need a buddy to accompany me there.
     
  13. salty_scuba_peanut

    salty_scuba_peanut New Member

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    As soon as Silty gets over his "sore throat" we'll be up there :)
     
  14. WildWayz

    WildWayz New Member

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    I signed up with Hasting Direct (Cheapest for a Nissan Almera Tino) - paying monthly.
    I had a drunk driver crash into my parked car (we werent in it at the time) and needed to replace the car. The car we bought was a Ford Focus CC. I called Hastings Direct to change the insurance over and they wanted £900 a year (I have my wife on my insurance and she is a learner driver!)!
    I told them to bog off as other companies were doing it for just under £500 a year. They couldnt match it so they cancelled it without any penalties!

    So now I am with Octogan Insurance and had to make 2 claims so far... both times not my fault (Car went into the back of me when I was stationary at traffic lights... and a car went into my side in an Asda car park. I was sat in the car waiting for my wifey!)... fun times... this all happened within 3 months of the Tino accident!

    James
     
  15. DaveS

    DaveS Play nice. Enjoy UKD

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    Wow! Remind me never to blag a lift off you! Let's hope your scuba diving experience is less problematic.
     
  16. Soggyoatcake

    Soggyoatcake Member

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    Car insurance in this country, like a lot of things, is just another licence to print money as they know you've gotta have it (or should have it) so they've got ya by the danglies.:(
     
  17. WildWayz

    WildWayz New Member

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    Funny thing is, I have over 6 years NCB... been driving 16 years and had 1 accident that was my fault (a year after I passed) but because I have only driven a company car until 7 years ago, that meant I havent kept my longer NCB :(
     
  18. toppa

    toppa New Member

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    I agree with you on this, nothing but a con! A law of the country the alows private companies to make money??? Where i come from originally, car insurece is not a legal requirement, i have to admit, it pays to have at least 3rd party, but as a result you dont get charged half the national debt for a years insurance, at 18 i was driving a 57 pontiac with a 7.5 ltr v8 in it and it was the equivilant of about 75 quid fully comp for the year, when i arrived here, i did not drive for a few years and when i changed my drivers license to a UK one, althuogh im well into my 30's i got treated like a new driver and charged a fourtune for insurance, to the point where some would not even give me fully comp, and that was on a 02 land rover defender, hardly a racer. 20 years of driving, with three accidents, none of which i was at fault in, in all cases other party was charged with an offence, didnt mean a thing over here :(

    Cheers
     
  19. salty_scuba_peanut

    salty_scuba_peanut New Member

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    Wow, where are you from? I might consider moving :thumbup:
     
  20. Silty Bottom

    Silty Bottom in DIRnial

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    If you want to talk about cons.... My ex-wife, peanut's mum... lovely woman :mad: pulled out on a Land Rover Defender writing my car off, whilst driving on my policy. It was me who paid the price for the next three years despite having NCP.

    No Claims Protection doesn't mean a damn thing
     

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