Insurance Polices - Monthly or Anual?

Question

When I visit price comparison websites such as gocompare.com, there is a tick box for pay monthly, but I never actually get monthly cover listed.

For a newly qualified driver with a small car, what should the monthly rate be ?

Answer 1

You have to have annual insurance,

but pay monthly (spread the cost over 12 months)

you often pay extra (interest) if you spread it over 12 monthly payments.

You can't have 6 months insurance - it has to be 12.

To calculate the mothhly rate, take the yearly cost add the interest, then divide by 12.

The cost will depend on your age, postcode, type of cover, mileage expected to be driven, no claim bonus, exact make and model of the car. where you keep the car at night, if you take it to work, anyone else who may drive it. age of car. any modifications to the car.

Answer 2

Prices will vary from £800 to £1500