Paying Car Insurance Up-Front?

beckysld

Hi everyone,

Just wondering what the scenario would be if I paid my year's premium up-front and then decided to cancel before the year? Is it non-refundable, as well as an admin fee? I've always paid monthly til now and obviously if you cancel they charge an admin fee but at least you're not paying for the rest of the year.

Thanks!

Faith177

You would still get charged the admin fee and depending on how long you have been on cover you may receive a refund

beckysld

Thanks I will look around some T&Cs to see what the top few cheapest quotes say about refunds.

InsideInsurance

You wont be worse off for paying up front, most the time you will be no different (ignoring the APR) but with some with installments they credit company will also charge an early settlement fee so you save that as well if paying up front (though it is a minority)