In the UK there are a great number of people who are finding it difficult to come up with an entire years premiums all in one go. You may try to ask your insurer if you can spread the cost over a year rather than paying it all up front.
Whilst some insurers offer the option to pay monthly or pay in instalments this generally means that you will have to pay a deposit up front. This may be in the form of up to 2 months worth of premiums that you have to pay up front, often not ideal for many people as they do not have this money to pay in advance.
You may also find that to be able to pay monthly, your car insurance provider may set up a finance agreement with you and you may have to pay interest on top of the car insurance premiums. All in all you may end up paying a lot more for your car insurance than you would have otherwise done if you had paid all your premiums in full.
There are however car insurance companies that no deposit car insurance without the need for finance or large up front deposits. This means that you can pay 12 equal monthly premiums rather than paying all at once. This makes it much more affordable and for many people makes it a lot easier to budget for.
As this is a pay as you go car insurance without deposit you can also take it out for as long as you need. So if you only need insurance for a month you just pay for one month, if you need it for a year you can pay monthly for a whole year. You can stop your cover at anytime and you can do all this online without the need to call the insurer so you are in complete control. As your policy is managed online this makes it cheaper for the insurer to provide and so can pass on the savings to you.
