Motor car insurance cancellation or suspension

joe sod

Registered User
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2,213
My insurance is coming up for renewal this month, I am thinking of going away for 5 months in november. I have a full no claims bonus. Im just wondering which is the best option cancelling or suspending my insurance. If I cancel will I lose my no claims bonus or will I simply pick up where I left off before. If I cancel am I in the same position as if I just did not renew my policy. If I suspend I have to pay a small net sum each month for the suspension but it is simple then to re start my insurance. Does anyone have recommendations?
 
AFAIK, NCBs are valid for two years, but only your insurers can be specific about your policy.

Personally, I would suspend the policy for a fee and restart it in full on my return.
 
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