Just called RAC insurance to inform them that I had sold my car and they automatically cancelled the policy. I explained that I will be getting another car within the next few days and they said that I couldn't insure a car that I don't own, I explained that I had no intention of cancelling the policy, I only need to hold it until my next car comes. She was having none of it - cancelled policy - charged £55 for them cancelling the policy and I now have no insurance at all so potentially can't pick up a car and call them to put it in cover. Be warned - this is just a moneymaker I have never been treated like this by any insurance company but I will certainly be asking a lot of questions before taking out another policy