The existing insurer may offer a vehicle substitution on the current policy. An alternative is to cancel the existing policy and arrange a different policy. The charges and premiums under each route vary by insurer.

How insurers commonly treat this

• A vehicle change can produce an additional premium, refund or administration fee.
• Cancellation can affect the amount refunded and whether the current policy year contributes another year of no-claims discount.
• Some insurers may decline to cover the replacement vehicle, making a new policy necessary.

What the quotation may ask for

Quotation forms use the information supplied to determine which insurers can offer cover and on what terms. Where the available answer does not accurately describe the circumstances, the insurer or comparison provider can clarify how that information is recorded.