Car insurance moving house

T4taylor

Hi folks, hopefully a quick and straightforward question here. I usually pay for my car insurance annually and it is due in Feb. However we are moving house into a better area in the next few months. Should I go for monthly repayment and phone the company as soon as I have moved so that they can hopefully recalculate and bring the amount down?

Quentin

Won't make any difference to how they deal with this


If your move results in a premium reduction (after any admin fee is paid) then they will either reduce the monthly payment or send a refund if you pay annually.


(if the move results in an increase then you pay extra monthly instalments or the increase in full if you originally pay in full)