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HELP with monthly insurance!

pullthepin
Posts: 80 Forumite
in Motoring
Hey all
my insurance is £2000 per year
but im paying montly
I have to pay a deposit of £400
and then i pay the rest in 9 installments (£177)
but does the deposit cover the first month? so then i would have to pay the first installment £177 + deposit £400. or do i just pay the deposit to cover the first month?
Thanks!
my insurance is £2000 per year
but im paying montly
I have to pay a deposit of £400
and then i pay the rest in 9 installments (£177)
but does the deposit cover the first month? so then i would have to pay the first installment £177 + deposit £400. or do i just pay the deposit to cover the first month?
Thanks!
0
Comments
-
when you pay monthly it is normally over 10 months so in your case 1 month at £400 and nine months at £177 so the deposit covers the first month0
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