Collingwood Insurance Services UK Ltd
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READ THE SMALLPRINT!!! massive cancellation fees
please please be careful when taking out this policy which at first, seems good value for your kids first car insurance policy. HOWEVER, what is not made clear (only in the smallest of smallprint) and after purchase has been made. Is that as soon as your child passes their test, the policy is cancelled and you have to pay a steep cancellation charge, PLUS cancellation charge of at least £40. Charges for cancellation also include card administration fees, arrangement fees by a broker and then the percentage of premium calculated on whichever month you cancel in. I foolishly took this policy out when my daughter had been driving almost a year, was ready to take her test and I had purchased her a little car, she passed within 8 weeks, and I presumed I could ring the company and pay an additional fee now she had passed to keep the policy. this is not the case. They do not offer you this option at all. The ONLY option is to cancel and pay more money (on top of the money you have already paid for the actual policy). I have complained to the company, an the broker and have been told that I was directed to the policy wording after purchase, and this clearly stated the fee structure upon cancellation. Bit late for me now!! PLEASE BE WARY!!!