Instalment charges vary enormously (APR):
• Privilege and Virgin Insurance interest 0 per cent
(from time to time)
• Hastings interest 29% APR

Some intermediaries have APR’s of over 40 per cent:
• Kwik Fit interest 35%
• Direct Choice interest 43%

Should you choose to pay by instalments do not purchase your policy until you have checked the interest rates (APR’s) as this could have a bearing on your decision.

Comments:
This is an area to save money. It’s easy to be sucked in with a cheap premium, only to be stung by outrageous interest rates.
• Admiral
• Bell Direct
• Diamond
• Elephant

If you have an acceptable price with this group of companies from the Internet and wish to pay on instalments, be careful.

They insist that you phone them to arrange payment by instalments. You then lose your Internet discount, which is a sizeable extra chunk (you are of course charged interest on the new amount making an enormous difference from the original internet price).

They will also try hard to sell you policy extras, which seems less expensive on instalments. Resist these, particularly the salary protection plan, at £20.95 as this does not reflect particularly good value for money.

Overall you may be better advised to pay your premium in one go on your credit card, particularly if you have an interest free deal.

Our average client saves over £100* Best Advice UK is totally independant and has no connection with any other insurance company/broker. Visit us at: www.bestadviceuk.co.uk Phone FREE on: *Our clients saved an average of over £100 each last year.

Worth up to £36.
£1 from every Legal
Policy goes to either
Cancer Research UK
or the
British Heart Foundation.

More details

Up to £500 worth of cover.
Increase your excess and reduce your policy premium without the risk of paying out large sums of money if you have an accident.

More details

Average call out 35 min.
Covers for homecall,
recovery to garage or
destination, car hire,
train tickets, accomodation
and with caravan or trailer.

More details

Guaranteed loan car.
For both Comprehensive
and Third Party policies.
You will be guaranteed
a courtesy car for up to
two claims a year.

More details