Cancelling insurance part way - no claims?

[UnworthyBean]

Looking at buying a new car soon and on the hunt for insurance quotes, with a new provider they're under half as cheap as I've been offered if i stay with my current insurers so, even with the fee to get out, it's still going to be a whole load cheaper.

I'm guessing with the no claims, I'm just going back to the last whole years bonus and won't lose out on all or most of it?

 

[Nasher]

I think you do lose the no claims for that year. But if you're over 5 years it makes no difference anyway most of the time.

 

[bigfoot4616]

yeah just goes back to what it was at the start of the current policy. i found that going from maximum down to 3 years after a small claim actually made very little differance.

 

[Psycho Sonny]

Looking at buying a new car soon and on the hunt for insurance quotes, with a new provider they're under half as cheap as I've been offered if i stay with my current insurers so, even with the fee to get out, it's still going to be a whole load cheaper.

I'm guessing with the no claims, I'm just going back to the last whole years bonus and won't lose out on all or most of it?

you lose the current year as you haven't completed it.