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How to stagger annual premiums?

Hi,
my car insurance is due 24 June. Our Home insurance used to be April but we moved early July last year and needed insurance in place in order to complete. Old insurer wouldn't cover the new place so we had to cancel and start a new policy elsewhere. So as I have just realised that my house insurance is due 25 June.
I prefer to pay my insurance annually but cant afford both in the same month. Is there any way to stagger it, ie. an option for a 3 month plan and then I can take out then start an annual policy? I suppose this could apply to either home or car insurance.

Thanks
:heart2: Cookiepops :heart2:

Comments

  • FutureGirl
    FutureGirl Posts: 1,252 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    Could you not arrange to pay one by direct debit monthly payments, then just pay it off early?
  • rs65
    rs65 Posts: 5,682 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Put one on a credit card for a month.
  • dacouch
    dacouch Posts: 21,636 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Martin Lewis recommends taking out a credit card with an interest free period for the first year and paying the Insurance premium on that and then ensuring you pay it back.

    There's an editorial about it on the MSE site somewhere
  • Cookiepops
    Cookiepops Posts: 377 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 9 June 2015 at 11:58AM
    Thanks all but I don't understand how those options will actually get the annual frequency to stagger? Its more about trying to get one of them moved out so the annual policy will begin August/September time but without risking going without home insurance for a couple of months ( as I know this is definitely not an option for car insurance).
    :heart2: Cookiepops :heart2:
  • rs65
    rs65 Posts: 5,682 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Cookiepops wrote: »
    Thanks all but I don't understand how those options will actually get the annual frequency to stagger?

    They won't. They will stagger your payments which is what you want to achieve.

    Temp car insurance is available but expensive.

    You could cancel one after a few months but beware of cancellation charges.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Could you take steps NOW to make NEXT 's year insurance premiums are partly covered by you putting a sum aside in a savings account each month?
    Other than this a credit card with 0% purchases is the next best option pr even put them all on one card then balance transfer it to a 0% BT card.
  • FutureGirl
    FutureGirl Posts: 1,252 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    Only options I can think of for staggering the actual policies would be to either;

    - Get temporary car insurance for a few months
    - Be un-insured on one if the insurance products for a few months

    Or, as others have said, get 0% CC to pay for this year, then start putting some money aside for when the next renewal is due.
  • Mojisola
    Mojisola Posts: 35,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Cookiepops wrote: »
    my car insurance is due 24 June.

    So as I have just realised that my house insurance is due 25 June.

    Don't you put savings away each month for annual spends - insurances, Christmas, birthdays, holidays, etc?
  • forgotmyname
    forgotmyname Posts: 32,946 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Cancel a policy mid term, but its likely to be costly. Start a savings account to pay at least one of them in full, that will help spread the costs.
    Censorship Reigns Supreme in Troll City...

  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Do Admiral still do a 10 month insurance policy called "Bonus Accelerator"? that would move your renewal date next year by 2 months.
    This year you only have two options
    A) Pay on credit
    B) Take out temporary insurance
    Changing the world, one sarcastic comment at a time.
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