Can I not altogether certain what section 147 has to do with you getting a refund. Being quite frank with you, if you cancel a policy after 5 months, you are going to get very little refund for the unexpired period and it is generally a waste of time cancelling it.
Further, the policy is cancelled, it’s cancelled and if you got another vehicle then you would be starting from scratch.
The movement of money on the other hand is something completely different and of the was a small amount of premium to come back from the original policy, then the insurance company can either refund that to you or leave it on account just in case you get another car at some stage in the future.
You may feel that you have been disadvantaged for paying the insurance upfront but that isn’t the case. It has been like this for years. Motor insurance is not a monthly policy, which is paid monthly, it is an annual policy paid annually. HOWEVER some insurance companies will allow you to pay the annual premium monthly. In your particular case, if you cancel the policy after the fifth month you would still owe the balance of the premium less a tiny refund (if any).
Everything that you have told me, to be honest, is quite normal and anyone who has had insurance over the years will be aware that cancelling it mid-term gives very little back.
I am familiar with Adrian flux because I have my own campervan insured with the company and I have used that company for classic vehicles over a number of years. I have always found them to be quite fair with good admin.
I don’t know who has told you that the insurers usually deduct two months premium to cover admin: in my experience, if you cancel a policy at any time during the term, particularly almost halfway, the chance of you getting a meaningful amount of money back is remote.
You don’t need to take my word for it, but you can’t beat the insurance company with a stick and your only remedy, if you don’t want to go to court, is to make a complaint in writing to the Financial Ombudsman Service.
I’m sorry, I imagine this is not the answer you wanted.
Can I clarify anything else for you?
I am happy to answer any specific points arising from this.
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