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Car insurance for learner... where to begin, please

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  • Sandtree
    Sandtree Posts: 10,628 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    You've bought a 12 month policy that is payable in advance, paying monthly doesnt make it a monthly arrangement. If you cannot afford to pay it in one go the vendor will loan you the money and so you pay interest.

    If you are going through a broker this can be a very real loan as the broker has to pay the insurer in full up front and they may well sell you a loan from a third party. So credit provider gives the full premium to the broker, broker gives the premium net of commission to the insurer and the credit provider takes the installments from you.
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