Change of car with go skippy

ascpd96

Hi, I've received got a new car and changed my car insurance policy over to my new car, I have been sent a letter saying its an extra £160.44 which is fine but they want  to spread the cost over 3 payments so make 3 payments of £126.70 I've rang up and said I'm struggling at the moment as I have a child at nursery to pay for and I'm a single mother I've said is there no way to spred the cost out more as I have 11 payments remaining and I was told no there's nothing they can do. they can't spread the costs out to make it a little cheaper. 
I know my parents got a new car and are with go skippy they managed to do it fine it just added £15 extra on to the payments.
Please help if there's anything I can do . Thankyou 

Grumpy_chap

If you are finding money tight right now, and the options are £160.44 or 3 x £126.70 = £380.10 then finding a way to pay all up front is the least painful after week 6.
What your parents go from a different insurer is irrelevant.  
Is your new car your parent's old car?

DrEskimo

Is it possible you have overstretched yourself on the purchase of this new car if you are struggling to pay for the insurance?

In any case, could you look at getting a 0% purchase credit card and then paying for it in one installment with that? The 0% period typically lasts around 12-18months. Just ensure you pay it off during that period.

ascpd96

All this £160.44 is to change my policy from my old car to the car I have now, my now car is a 14 plate but I'm being the £160.44 change car fee has to be made by 3 payments 

Jenni_D

I guess you're currently paying £73.22 per month, which is £878.64 annually. They want to add £160.44 (~18% ... £53.48 extra per month for 3 months, hence £126.70 per month, but only for 3 months) to make a new annual total of £1,039.08. Having already paid 1 month's instalment that means you have balance of £965.86 to pay. Paying that over 11 months would be ~£87.80 per month - a rise of £14.58 per month.

If the insurer won't budge, could you borrow the £160 off your parents and pay them back at ~£15 per month?

Grumpy_chap

Jenni_D said:

I guess you're currently paying £73.22 per month, which is £878.64 annually. They want to add £160.44 (~18% ... £53.48 extra per month for 3 months, hence £126.70 per month, but only for 3 months) to make a new annual total of £1,039.08. Having already paid 1 month's instalment that means you have balance of £965.86 to pay. Paying that over 11 months would be ~£87.80 per month - a rise of £14.58 per month.

If the insurer won't budge, could you borrow the £160 off your parents and pay them back at ~£15 per month?

Thanks Jenni - your interpretation of the OP's figures makes more sense than mine.

[Deleted User]

Go Skippy are one of those rubbish insurers at the bottom end of the market and are not worth bothering with. When they or their chums in that bracket pop up on compare websites, I always skip past them to the cheapest well known insurer.