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-   -   changing car insurance before contract expiry? (https://www.englishforum.ch/insurance/296681-changing-car-insurance-before-contract-expiry.html)

justcamehere 11.02.2020 12:47

changing car insurance before contract expiry?
 
At the moment our car insurance is pretty expensive, instead of opting for a basic package we went for an expensive one which covers a lot of things we don’t need and also as we went via a company’s agent we have a 10 year contract, of which 3 have passed.

I was wondering how is it possible to get out of this long term contract and go for a cheaper one ( I don’t mind keeping the same insurance company ).

Is there any law that would allow us to switch to another package before the 10 years lapse or we’d need to sell the car to get out of it ?

AbFab 11.02.2020 13:26

Re: changing car insurance before contract expiry?
 
Sell your car - I have heard of people selling their car to their partner and reinsuring it...

eng_ch 11.02.2020 13:30

Re: changing car insurance before contract expiry?
 
There are 4 ways I can think of off the top of my head:

1. if you have a break clause in the contract. Some e.g. 5-year contracts allow you to cancel annually.

2. if the premium increases (which it never does, as they know you can cancel then)

3. if the car changes hands. Assuming the policy is in only one of your names, you can "sell" (re-register) the car to your other half, which would trigger the end of the policy. You need to balance this against whether having an extra owner on the car's history will affect its value (doesn't seem to be as much of an issue in CH as in the UK for instance)

4. change your car. Are you really intending to keep the same car for 10 years? If not, that's a trigger point


When you do change policy, remember to insist on an annual break clause in your next policy. If the insurer won't do it for a reasonable price, go elsewhere. Better still go with an insurer that operates annual contracts such as Smile Direct because things do change. Or if you have a functioning crystal ball, tell me where to get one!

st2lemans 11.02.2020 14:18

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by AbFab (Post 3147108)
Sell your car - I have heard of people selling their car to their partner and reinsuring it...

BTDT.

Tom

justcamehere 11.02.2020 14:20

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by AbFab (Post 3147108)
Sell your car - I have heard of people selling their car to their partner and reinsuring it...

Thanks ! Does this still work when the registered partner is also registered as a driver for the vehicle ?

Landers 11.02.2020 14:29

Re: changing car insurance before contract expiry?
 
Can't one just give up the plates to bring the insurance to an end then get insurance elsewhere and get the plates back?

eng_ch 11.02.2020 15:03

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by justcamehere (Post 3147144)
Thanks ! Does this still work when the registered partner is also registered as a driver for the vehicle ?


A very UK mindset. By default cars are insured for any driver here anyway. Besides, even if named driver, is the poiicy in their name? No? Then it's your policy to cancel not theirs. If you change the registered keeper of the vehicle, of course, your partner will have to take out the new policy in their name

st2lemans 11.02.2020 15:16

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by Landers (Post 3147153)
Can't one just give up the plates to bring the insurance to an end then get insurance elsewhere and get the plates back?

No.

Tom

Adidas 12.02.2020 18:19

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by AbFab (Post 3147108)
Sell your car - I have heard of people selling their car to their partner and reinsuring it...

This is fraud. If they find out that the change of ownership is only fictitious they can force you to pay the entire remaining premium. And then you're forced to pay 2 insurances.

st2lemans 12.02.2020 18:41

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by Adidas (Post 3147624)
This is fraud. If they find out that the change of ownership is only fictitious they can force you to pay the entire remaining premium. And then you're forced to pay 2 insurances.

No, it is neither fraud nor fictitious. :rolleyes:

And changing the holder (the name on the grey card and the insurance) doesn't even require that the vehicle be sold. ;)

Tom

k_and_e 12.02.2020 18:43

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by eng_ch (Post 3147110)
There are 4 ways I can think of off the top of my head:

1. if you have a break clause in the contract. Some e.g. 5-year contracts allow you to cancel annually.

2. if the premium increases (which it never does, as they know you can cancel then)

3. if the car changes hands. Assuming the policy is in only one of your names, you can "sell" (re-register) the car to your other half, which would trigger the end of the policy. You need to balance this against whether having an extra owner on the car's history will affect its value (doesn't seem to be as much of an issue in CH as in the UK for instance)

4. change your car. Are you really intending to keep the same car for 10 years? If not, that's a trigger point

5. Behave so bad in traffic that the insurer cancels your contract:msntongue: (not the best way to save money though)

Adidas 13.02.2020 00:13

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by st2lemans (Post 3147639)
No, it is neither fraud nor fictitious. :rolleyes:

And changing the holder (the name on the grey card and the insurance) doesn't even require that the vehicle be sold. ;)

Tom

From beobachter, translated by Google:

Premature termination of contract: Don't cheat!
Attention: If you trick the cancellation of the car insurance, it can get really expensive.


If you have taken out liability insurance for a vehicle for five or ten years, you can only terminate the contract early in the event of damage, premium increase or change of vehicle or holder. If the new owner or holder chooses another insurance policy, the current contract automatically expires according to the law and you receive paid premiums back proportionally.

If the change is only a sham its called a fictitious change. The following constellations seem suspicious:
  • You transfer the car to your wife or another family member, even though you continue to use it and pay for it.
  • The car is released on the company, although it is still only driven privately.
  • You hand in the control signs at the road traffic office and inform the insurance company that you are no longer driving. A few days later, the signs are released.
If the insurance company finds out that the change was fictitious, the old contract remains in place. Then you have to pay both the old and the new premium.
OP should know the danger in case he decides to go through with it.

22 yards 13.02.2020 02:29

Re: changing car insurance before contract expiry?
 
Quote:

Originally Posted by eng_ch (Post 3147110)
There are 4 ways I can think of off the top of my head:

1. if you have a break clause in the contract. Some e.g. 5-year contracts allow you to cancel annually.

2. if the premium increases (which it never does, as they know you can cancel then)

3. if the car changes hands. Assuming the policy is in only one of your names, you can "sell" (re-register) the car to your other half, which would trigger the end of the policy. You need to balance this against whether having an extra owner on the car's history will affect its value (doesn't seem to be as much of an issue in CH as in the UK for instance)

4. change your car. Are you really intending to keep the same car for 10 years? If not, that's a trigger point

Quote:

Originally Posted by k_and_e (Post 3147641)
5. Behave so bad in traffic that the insurer cancels your contract:msntongue: (not the best way to save money though)

6. Have an accident. It's counter-intuitive, but the insurer paying out on an accident is another trigger point. (It would need to be a genuine accident; or a genuine claim, at least. A faked accident would definitely be fraud.)


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