Do i have to keep paying insurance on a scrapped car? My insurance runs out in August.?
I am planning to scrap my car next week but my insurance runs out in August. Am I legally expected to continue paying for it or can i cancel it?
I am going though a similar problem at the moment, depending what insurance company your with you can cancel it but you might be tided in to a contract and have to pay silly money to cancel, I was told its illegal to insure a car you no longer own and as I told the insurance company that i no longer have the car i now have 30 days to either cancel or insure another car, if i don't theres penalties which amount to over £500 quid, crazy !! so personally I would say either cancel it and pay the fine or insure another car for the remaining months left e.g. I have a car that's due to be scrapped soon and if the worse case is I'll insure that as it will be cheaper to insure a car i don't use then to pay the fines. it really depends on who your with so I would give them a call and see what they say. its a joke really as to the amount of money they want. good luck
