Car Insurance cancellation charges excessive???

[DarrenTeesside]

Hi each and all, Just looking for a little direction on this on if you wish to add your opinions

On the 15 February 2014 I took out car insurance on my vehicle and paid in full

The total cost was £530.00, I have just changed my car so telephoned them to say can I transfer the policy on to my new car, the agreed but after checking they said the underwriters wont insure my new car ( Peugeot 307 HDI 2003 ) from my old car ( BMW 330 Convertible 2004 ) and the quote for the Peugeot would be £1200, which is ridiculous

they said if i take thi £1200 policy out with them I would be refunded £379 or thereabouts, if I canceled the policy I would be refunded a total of £289, they claim a £50.00 cancelation fee plus a further 15%, so for 12 weeks use It has cost me £241 pound

 

Does this seem right? it seems a little excessive to me, I questioned them why £50.00 plus 15% they said it is in there T&Cs, is this fair or are they trying to ***** me

[letsgetitsorted]

insurance company wouldnt be adrian flux would it

[rebel11]

Hi Darren

 

Just because it's in their T & C's, doesn't necessarily mean it's fair. I would say it's 'unfair'.

 

Have a read of the following:-

 

http://www.adviceguide.org.uk/scotland/consumer_s/consumer_protection_for_the_consumer_e/consumer_contracts_s/unfair_terms_in_consumer_contracts.htm

 

Write to them explaining that it's 'unfair'.

[DarrenTeesside]

Hi, no it is not Adrian Flux, it is Performance Direct...