Pay In Monthly Instalments

Is it better to pay everything in one go or should I pay in monthly instalments?

It is almost always cheaper to pay all for car insurance in a single annual premium. The reason for this is that when you pay monthly you are likely to pay an interest charge in addition to the annual premium. Most companies will show you how much in total you will pay if you do choose to pay monthly. Another option worth considering if you can’t afford to pay a single annual premium is to use an alternative form of credit such as a credit card – perhaps one with a 0% interest rate. You can check out deals at Tiger.co.uk’s credit card section.

30/08/2012 08:40:00 Mike