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Thread: Car Insurance

  
  1. #1
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    Al's Avatar
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    Car Insurance

    Ever since I have been driving (9+yrs now), I have always paid my insurance in one go, until i got the CTR. Ive never been caught speeding ever, until I got the CTR, but thats another story.

    Anyhoos, my insurance is due for renewal in couple of months and was wondering if I paid my insurance in monthly installments, do I pay a lot extra on top per year?

    Cheers

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    depends on the company but they will charge you interest on it yeah.

    It can be worthwhile taking out a credit card with 6 months interest free, just making sure you pay it off within that time. could save you a few quid
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  3. #3
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    Quote Originally Posted by Sten
    depends on the company but they will charge you interest on it yeah.

    It can be worthwhile taking out a credit card with 6 months interest free, just making sure you pay it off within that time. could save you a few quid
    Thats a good idea mate

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    I had that problem, they charge you a fortune extra. I agree with the credit card, i did that in April, makes more sense!

    I'm lucky though, i only pay £485 per year in one go, it was nearer £700 when i worked it out monthly

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    Never seen the point in paying for insurance monthly, I want it out the way so I can spend the money on something else.

    I usually just have a couple of months where I watch what I spend and eat into my overdraft
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    directline are doing a 0% interest at the moment but they're not the cheapest of companies.
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