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Silly question about insurance. watch

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    So this is a silly question but I just passed yesterday and I'm trying to figure out finances and stuff.

    Is it possible to pause your insurance monthly payments? So if you don't need your car one month you can pause it? What happens if your car is beyond fixing and you cant afford another car, would you still keep having to pay monthly insurance?

    Thanks
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    No you can't pause them. And yes you're bound to a contract, so you'd have to pay for the rest of the year.
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    (Original post by insignificant)
    So this is a silly question but I just passed yesterday and I'm trying to figure out finances and stuff.

    Is it possible to pause your insurance monthly payments? So if you don't need your car one month you can pause it? What happens if your car is beyond fixing and you cant afford another car, would you still keep having to pay monthly insurance?

    Thanks
    No, you can't pause monthly payments.

    If you didn't want the insurance anymore you could try and cancelling it any you may get a reduced premium overall but you'll still have to pay off some money for the rest of it as well as cancellation fees etc... Unless it's the first month or so it'll cost you so much to cancel it that you'd be better off leaving it and paying until the end and getting the years NCB...
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    (Original post by MHorman)
    No, you can't pause monthly payments.

    If you didn't want the insurance anymore you could try and cancelling it any you may get a reduced premium overall but you'll still have to pay off some money for the rest of it as well as cancellation fees etc... Unless it's the first month or so it'll cost you so much to cancel it that you'd be better off leaving it and paying until the end and getting the years NCB...
    This is the case.
    To be honest, you might as well let it run until the end of the year.
 
 
 
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