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Insurance dillemma - cancel or continue


blake

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I'm going overseas for 4 months in October.

 

just found out I cannot suspend my car insurance. The policy is a brand new one, only been going since February 2010.

 

my choices are :

 

* keep up the payments for the 4 months and get a no claims bonus, at a cost of around £180 in premiums

 

* cancel it and just get a new policy with the same firm, but without any no-claim discount

 

the car is only worth £300 so there's no discernible point in insuring it for fire, theft, etc as it's going to be kept off road.

 

at the moment I'm inclined to just cancelling it and renewing it with the same outfit.

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