[matt747]

Just reading others posts re. insurance premiums got me thinking do you guys may annually or monthly and how much extra is your premium for monthly dd?

 

[GrahamOliver]

I have to pay monthly, don't earn enough in 1 month to pay it annually!

 

[DBGTTDI]

dd over 10 months interest free.

 

[smallboy]

i prefer to pay monthly. it works out to be around 10% on top of the premium from directline.

 

[02 Bora]

by DD monthly, don't have the kind of money needed lying around to pay it one go. I'm not sure what the cost is for installments, but it's usually not much.

 

[spanner]

I'll break the trend and say Annually - well 10 month as it's a bonus accelerator. £800 quid up front - so that I don't spend it through the year [^]

 

[weaseldiesel]

I pay for mine annually. Turns out to be about £40 cheaper and I was flush at the time (not any more though, doh!).

 

[Thos]

I pay mine annually, but not by choice. Insurance company told me I had to do it, plus its €3500 in one whack. Nasty.

 

[bjs144]

I normally pay for mine through DD but this year I got a cheap quote but the APR charge was about 20% so I paid it for all up front.

Not willing to pay about 20%APR Its a con!!

 

[golfturbo]

I save for mine monthly and then pay it in one lump at renewal that way you get interest (not a lot) on your savings and don't get charged extra for monthly payments!

 

[Stevoraith]

I pay annually. As smallboy says it normally costs about 10% extra to pay monthly and I'm not willing to give them an extra £80 or so when they're already taking a huge amount from me!

 

[marriedblonde]

I pay for mine in one go, bummer is I picked my car up on the 2nd Jan so december is normally a very, very expensive month as I also have to tax my car... To make things worse last year I had to pay for christmas (2 parties, lots of presents, car insurance, road tax) and then my washing machine breaks on me. I tried to tell Claire that she could do the washing by hand but wasn't having none of it!

J.

 

[4pot]

I pay for mine, like most people, with an arm and a leg.

But its by DD so just a couple of fingers and toes a month

[]

 

[Chris]

Direct Debit for me too.......... mine expires 19th December, so too close to close to Xmas to pay in full (not that i could afford it anyhow!)

 

[dik]

i pay with a loan, cheaper too than buying the brokers finance..

a new quote today says 918 quid, their payments, 279 deposit [:O] then 9 months of 88.01, i cant afford the 300 quid dep.[!] so I rung alliance and leicester organised a 900 quid loan over a year and I pay 12 installments of 91 quid... far better I reckon.. . its cheaper too, by about 70 quid..

the only trouble I get is that when renewal comes, I might get a month overlap, but I think its worth it...

 

[Bernie]

Yikes! Some expensive premiums there. I usually pay yearly but as I'm now thro Tesco they offered interest free monthly so that me sorted.

 

[schnipps]

i pay annually and payed 1400 quid last year as id only been driving 4 months when i got me 2.0. I have saved bits and bobs up over the year to pay annually again, should be about £1100 this year, a total joke.

 

[Ricardo]

I pay annually, saving a bit throughout the year - I dont want to give the robbing gits any more than I can help [] Last year mine was £850, too much considering I am 29 with no accidents in last 12 years!

 

[Foxy]

The 'Silver' Fox pays about £400 per year (37yo full NCD - private plus work and missus)

I pay monthly for stuff that i don't get all up front - i mean, the risk is ongoing thru the year isn't it?

I disagree with paying interest for the exact same reason.

If my insurer messes me about i'll cancel the direct debit and that's that!

 

[RickyD]

I pay for mine by Direct Debit also..

It only works out at about £32 per month over 10months and £80 for the first payment.

It's a lot better than nearly £90 a month of which I was paying for my last cat (Scooby).

Cheers