Car insurance

paddyd8

Can I get insurance on a car for 3 or 6 months. Im only 18 and its my first time geting insured.

bazz26

No insurance runs for a 12 month period from the start date unless you decide to cancel the policy 3 or 6 months after you start it. You then will loose a chunk of your premium to administration/cancelation fees.

shooter88

paddyd8 wrote: »

Can I get insurance on a car for 3 or 6 months. Im only 18 and its my first time geting insured.

Why do you only want it for a few months?

choons

Most insurance companies have the option of paying monthly. No reason why you couldn't chose this option and cancel the policy whenever you are done.

paddyd8

shooter88 wrote: »

Why do you only want it for a few months?

Im in college and only really need it for the summer

ThreeLineWhip

Go to one of the many that offer pay by month options. Pay each month and then cancel it. Return disc and cert to them and then cancel the Direct Debit.

peteb2

That doesn't mean they allow you to pay on a month-to-month basis. Most will look for a sizeable deposit and then spread it over 6 or 9 months due to the fact short term rates.

johndaman66

If you do pay the premium in full and cancel the policy part way through the year its unlikely that any insurance company will rebate you pro rata. In fact they will most likey hold onto a sizeable chunk.

I'd imagine too that at 18 you are just starting your driving and would like to build up your ncb for the future. Unless I'm completely wrong a three months claims free will mean jack all and be completely ignored when taking out motor insurance in the future whereas a year will certainly will stand to you.

For these reasons I think it might end up making a lot more sense just to take the insurance out for a year

CiniO

choons wrote: »

Most insurance companies have the option of paying monthly. No reason why you couldn't chose this option and cancel the policy whenever you are done.

ThreeLineWhip wrote: »

Go to one of the many that offer pay by month options. Pay each month and then cancel it. Return disc and cert to them and then cancel the Direct Debit.

The problem is, that direct debit just spreads the premium evenly (or not) over the year.
However most insurance companies have cancellation charges which apply in first year of policy, and it usually means that if you cancel your policy after 3 months you will need to pay 50% of whole premium. If you cancel after 5 months, it will be 80% of premium, and if you cancel after 6 months it will be 90% of premium. Any cancellation after than will mean that 100% of annual premium will need to be paid. (obviously every insurer has different rates, but that was just an example).

Anyway - if someone pays by direct debit for 3 months (so pays 25% of the annual premium) and cancels the policy then (which means insurer wants him to pay 50% of premium) then simply that person will have to pay another 25% of the premium, and if direct debit will be cancelled, insurer will look for that sum anyway.

ThreeLineWhip

CiniO wrote: »

The problem is, that direct debit just spreads the premium evenly (or not) over the year.
However most insurance companies have cancellation charges which apply in first year of policy, and it usually means that if you cancel your policy after 3 months you will need to pay 50% of whole premium. If you cancel after 5 months, it will be 80% of premium, and if you cancel after 6 months it will be 90% of premium. Any cancellation after than will mean that 100% of annual premium will need to be paid. (obviously every insurer has different rates, but that was just an example).

Anyway - if someone pays by direct debit for 3 months (so pays 25% of the annual premium) and cancels the policy then (which means insurer wants him to pay 50% of premium) then simply that person will have to pay another 25% of the premium, and if direct debit will be cancelled, insurer will look for that sum anyway.

They can look all they like as they say.

bugsy1977

Hi all,Was wondering if anybody knew what the story is when you pay your insurance monthly,do you pay your deposit and 1st month at the same time or is the deposit taking for the first month then 11 monthly payments via DD? thanks for your help.

Stheno

bugsy1977 wrote: »

Hi all,Was wondering if anybody knew what the story is when you pay your insurance monthly,do you pay your deposit and 1st month at the same time or is the deposit taking for the first month then 11 monthly payments via DD? thanks for your help.

Depends on the insurer to be honest. Some take one larger payment and nine monthly payments, other spread it over 12 months.

Check with your insurance company

djimi

I pay an amount up front (minimum of 30% I think) and then either 9 or 10 monthly payments (cant remember which) after that.

Wicklowandy

I pay around 10% up front, then 9 payments, but you can pick the dd date. Have had to cancel insurance twice before when changing vehicle class after a couple of payments and have never been asked for any extra money (answering cinio)