You can now pay monthly for your annual policies

Spread the cost of your annual policy with reasonable monthly payments via premium finance.

Pay 10% deposit and 11 monthly instalments including 13% interest equivalent to 25.8% APR variable*. 

Already have a quote? Call us on 0808 169 9165

Why choose monthly payments?

We’ve included monthly payment option on annual policies to help you spread the cost of your insurance through the year.

Monthly
costs

Manage your monthly expenses with an agreed monthly price

Manageable
payments

Get annual cover without paying for everything up front

Less admin
= Less hassle

One quote per year with fixed monthly costs

Already have a quote? Call us on 0808 169 9165

Our policy and payment options

Annual monthly payments

  • Manageable payments 
  • Spread the cost of your policy through the year

Annual pay in full

  • Usually more cost effective
  • Avoid monthly price changes 

30-day policy

  • Flexible option for short term cover
  • Non-refundable payments

Already have a quote? Call us on 0808 169 9165

How to set up your monthly payments

1

Get a quote

Once you have your quote, you will be able to select the monthly premium finance option for an annual policy.

What if I have an existing quote?
No problem, you can contact us with a recent quote and we will be able to assist.

Remember, this must be a quote for an annual policy via Premium finance where eligible. Premium finance is provided by Premium Credit Limited.

2

Speak to us

Give us a call on 0808 169 9165 and we can set up your monthly payments over the phone.

Our team will take a 10% deposit and the rest of your policy will be spread over the next 11 months, including 13% interest equivalent to 25.8% APR variable through Premium Credit Limited.

3

You’re all set!

Once you have paid the deposit and you have set up your monthly payments, you’ll be covered and ready to start delivering from your policy start date.

Premium Credit will send your premium finance documents. We will email you a copy of your policy documents which cover you for the year – as long as your continue to make your monthly payments.

Already have a quote? Call us on 0808 169 9165

FAQs

Who provides the premium finance?

The premium finance is provided by Premium Credit Limited.

What is the difference between interest and APR?

The interest rate is the cost of borrowing the principal amount, and the APR is the cost of borrowing the principal amount plus any additional compulsory fees.

Are there any monthly interest charges for monthly payments?

You will need to pay a 10% deposit with the rest of the payments spread over the next 11 months. There is a monthly interest charge of 13% (equivalent of 25.8% APR variable). 

We and Premium Credit Limited will provide you with a full breakdown based on the cost of your policy and premium finance.

Can I set up my monthly payments online?

At the moment, you will need to speak to us so we can set up your payments online.

You can call us on 0808 169 9165 and we can set up your monthly payments for your quote over the phone. 

Our team will be able to talk you through the process and answer any questions you may have.

Which policies can use the ‘pay monthly’ service?

Our monthly payments have been designed for our annual Courier and Delivery cover options. 

Can I settle the monthly payments early?

Yes you can.

If you would like to settle, please contact Premium Credit Limited directly. You can find more information here: premiumcredit.com

What happens if I am not able to make the monthly payments?

If you are not able to make your monthly payments, please contact Premium Credit directly. You can find more information here:  premiumcredit.com

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