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General => Insurance => Topic started by: snifferdog on 04 January 2009, 20:08

Title: Need insurance but dont want to pay a deposit!!
Post by: snifferdog on 04 January 2009, 20:08

As above,my insurance is due for renewal in a couple of weeks and the company im with want me to pay a deposit up front for renewal,and to put it bluntly,im skint!! Does anyone know of a company that you can just start paying the monthly instalments to??Cheers.

Title: Re: Need insurance but dont want to pay a deposit!!
Post by: T_J_G on 04 January 2009, 22:57

On my new policies the depoit has only been £30 or more than the initial payment.

Title: Re: Need insurance but dont want to pay a deposit!!
Post by: snifferdog on 05 January 2009, 16:45

Oh really,ive not properely looked into it yet but the company i was with wanted another £120.cheers for the reply,i'll have a look round!

Title: Re: Need insurance but dont want to pay a deposit!!
Post by: TeddyKGB on 05 January 2009, 20:05

Recession mate! Companies clawing in as much money as they can as fast as they can! :sad:

Title: Re: Need insurance but dont want to pay a deposit!!
Post by: pro-biotic on 05 January 2009, 20:29

for a renewal i dont see why they take a deposit TBH - but thats what they do..

dont know the ins & outs as i just pay upfront, the only thing i do remember is crippling APR on monthly instalments hence paying in a lump sum

Title: Re: Need insurance but dont want to pay a deposit!!
Post by: DrewGTI on 05 January 2009, 21:57

never paid a deposit for a renewal!! only when i first took the policy out!


and i pay it monthly with the sh!te APR added,  :sad:

Title: Re: Need insurance but dont want to pay a deposit!!
Post by: Dub90 on 20 April 2009, 13:54

Some companies let you pay in 3 installments with no APR.

Title: Re: Need insurance but dont want to pay a deposit!!
Post by: Adam on 24 April 2009, 10:23

Bell, and Admiral don't require a deposit.

Title: Re: Need insurance but dont want to pay a deposit!!
Post by: MrBounce on 24 April 2009, 12:36

Phone the company and make sure that's what they want - you may find that you've been sent the wrong wording on your paperwork. It does happen from time to time  :smiley: