Selling your car - insurance
11/10/2019 Ford Fiesta Hatch 5Dr 1.5TDCi 85 Titanium 6Spd - £16,763 with cash purchase, or £16,733 including deposit contribution Ford Finance 0% APR Save 14.7% - £2,882 off list price
10/10/2019 MINI Hatch II 5Dr Cooper S 2.0 192 Classic 6Spd - £17,718 Save 18.1% - £3,908 off list price
09/10/2019 Land Rover Discovery Sport SUV 2.0P 250 R-Dynamic SE 7Seat Auto9 - £39,293 Save 13.5% - £6,132 off list price
08/10/2019 Audi TT 40 Coupe 2.0TFSI 197 S line STron Auto7 - £30,720 with cash purchase, or £28,470 including deposit contribution with Audi PCP Finance. APR 6.7% Save 17% - £5,845 off list price
When you sell a car you must notify your insurer that you no longer own the vehicle.
Your insurer may charge you a cancellation fee or amendment fee if you are transferring your policy to another vehicle.
The insurer will usually pay a refund based on remaining days of the policy that have been paid for up front. However the calculation will depend on the insurer.
If you cancel a policy mid-term, you may not accrue any no-claims bonus for that year.
If you are planning to transfer your insurance to another vehicle, it is worth getting quotes from other insurers to allow you to compare the competitiveness of their quote for the new vehicle and potentially negotiate a lower rate.
Most insurers are able to make some discount on the initial quote if you can evidence a cheaper comparable quote.