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Car insurance renewal

  • 12-07-2019 5:28pm
    #1
    danom8
    Registered Users, Registered Users 2 Posts: 48 ✭


    I took out a car insurance policy last Sept.

    My first one with no driving experience which cost a bomb and a massive deposit. There's three people on the policy myself and 2 name drivers who have since then all passed the driving test and gotten full licences.

    I'm set to get a hefty discount when we renew the policy in Sept. Last year when I took out the policy I had to put down a hefty deposit. My question is when the policy is to be renewed, do I pay another deposit?


Comments

  • #2
    notharrypotter
    Closed Accounts Posts: 1,112 ✭✭✭notharrypotter


    When you took out the insurance last year did you pay an initial deposit and 10 or 12 monthly installments?

    Usually when buying insurance you have two choices for payment. Either a once off lump sum of a large deposit and 10 or 12 monthly payments.
    If it was the latter and you want to do the same this September then yes you will need to pay a deposit.


  • #3
    Eggs For Dinner
    Registered Users, Registered Users 2 Posts: 3,055 ✭✭✭Eggs For Dinner


    If you are renewing with the same insurer, you usually don't have to pay a deposit


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