Car Articles

Car Blog & Car News

  • Home
  • About
  • Contact
  • Cookie Policy
  • Polls Archive
  • Privacy Policy

Monthly Car Insurance

If your car insurance premium is large and verging on impossible to pay at once at the start of the policy then it is worthwhile looking for a policy that will let you pay monthly.

Monthly car insurance usually involves paying a one off deposit and then repaying the balance each month by direct debit. Insurers often run special offers which mean you get two free months or more of insurance cover for free, this may make the policy more affordable. Most insurance policies that are taken out monthly are paid for by a credit firm and you will be responsible for paying your insurance through that company rather than to the insurance firm direct.

If you shop around and use insurance price comparison websites you will probably find several insurers also offer you the opportunity to pay no deposit whatsoever and go straight to the monthly payments which will be slightly higher. In this case it is all about what you can afford personally and your other monthly outgoings.

It is also important to note that unless otherwise specifically stated your monthly repayments will also be charged interest at a rate which could be up to 20% or even more, this increases the total cost of your insurance premium and when shopping around you should make sure you are comparing the total costs of paying monthly (deposit, monthly payments and interest rates) rather than the cost of paying the insurance premium up front as this often works out significantly cheaper.

If you add another person or car to your policy which increases your insurance premium then any additional cost will be spread across your monthly repayments, if this occurs near the end of the policy you may be asked to pay upfront, this increase in cost is something you will need to consider.

The various insurers will all have different ways they expect you to pay your monthly fees, although the most popular is by direct debit they may request a standing order, credit card or other means. You should also read your policy terms and conditions carefully to see if you would be charged any additional costs if you accidentally default on one of your monthly payments or pay late. You will of course also any standard bank charges.

Any administration costs you incur during your policy will be also deducted, usually though the same direct debit and once again you should look into these carefully before purchasing your policy.

Categories

Popular Posts

New Vauxhall Corsa Limited Edition

382 Comments

This is the new Vauxhall Corsa Black & White … [Read More...]

Car Windscreen Damage & Repair

15 Comments

The windscreen is an extremely important part of … [Read More...]

Coil Spring Damage

67 Comments

A lot of modern cars are equipped with coil spring … [Read More...]

Buying A Mazda RX-8

284 Comments

Test Drive an RX-8 or request a … [Read More...]

Vauxhall Corsa VXR Arctic White

62 Comments

For many, the Corsa VXR is the darling of the VXR … [Read More...]

Vauxhall’s Handbrake Problems Part 2

104 Comments

Well, don’t say that we don’t care about you all, … [Read More...]

Five Cars That Are Cheap To Insure

19 Comments

I've made no bones about my passion - and that … [Read More...]

The Top F1 drivers of all time.

42 Comments

This top one hundred may raise a few eyebrows; one … [Read More...]

Vauxhall Dealership

Vauxhall Hit by renewed faulty handbrake alarm

376 Comments

Vauxhall has been hit by fresh claims that it is … [Read More...]

Water & Flood Driving Advice

83 Comments

It is likely through the winter months that you … [Read More...]

Polls

Are you going to buy a car in 2024?

View Results

Loading ... Loading ...

Tags

Aston Martin Audi Autocar Auto Express BMW Car Articles Car events Cars Cars we like Car videos Classic Cars Concept cars Desirable cars Driving advice Driving tips Electric Cars Events fast cars Ferrari. Ford GEM GEM Motoring Assist Hot hatchbacks hot hatches Hypercars IAM Jaguar McLaren motoring events Motorsport New Cars nissan Performance cars porsche Quick cars Rare cars road safety Sports cars supercars SUVs The Law Top Gear vauxhall Videos Volkswagen

Copyright © 2026 · Metro Pro Theme on Genesis Framework · WordPress · Log in