I sold my vehicle with 1 month remaining on the policy. They are a broker so earn money by being the middle-man. I ended up having to pay MORE to cancel the policy. That's right, not having cover cost me more money than simply letting the policy lapse.
This is outrageous. It is a legal obligation on my part to notify them, but by charging me next time i'm tempted to not bother informing my insurer and simply letting the policy lapse. That it simply unacceptable.
I kicked up a fuss and said i wouldn't pay more to not have cover, having paid handsomely for cover at the beginning. She immediately said that the amount (£30 or so, so not a huge sum) would be handed over to a debt collection agency. NICE.
I will never, EVER deal with this company again, and will shout as loudly as possible that nobody else should.
Plus their renewal on my other vehicles was twice the amount i got it for with another company.
Plus through the year i had numerous admin cock-ups, including getting a letter from the Motor Insurance Database telling me i had an uninsured vehicle.
Bye bye Principal...
6 years ago
Principal Insurance Limited has a
4.0
average rating
from
376
reviews
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