Selling your car - insurance
16/01/2020 BMW 120d xDrive Sport Auto8 - Save 16.9% - £5,500 off list price - £28,470 with cash purchase, or £26,970 including deposit contribution with BMW finance APR 3.9%
15/01/2020 Audi Q7 45 Sport TIP Auto8 - Save 19.4% - £10,928 off list price - £49,382 with cash purchase, or £45,382 including deposit contribution with Audi finance APR 6.4%
14/01/2020 Ford Ranger 2.0EcoBlue 213 Wildtrak Auto10 - Save 16.4% - £6,369 off list price - £32,516
14/01/2020 Renault Clio Hatch 5Dr 1.0TCe 100 RS Line - Save 17.7% - £3,183 off list price - £14,812
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.