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  • I’m still within my cooling off period for my insurance for the next couple of days, should I just try and cancel it? I had to go with the cheapest option (MCE) so it’s pretty much pointless trying to claim as the excess was so high.

  • Up to you but the cost of insurance will go up for the next 5 years if you make a claim so, over that period, I'd say it's more than likely not worth making a claim and just cancelling it.

  • Am I allowed to cancel it though rather than make a claim if it’s been reported as nicked? Can’t find anything online about this, but it seems well within my rights?

    Making a claim isn’t really an option as you’ve mentioned it’s not worth the pay out.

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