When is the deposit due on car insurance? is it the start date of the policy or straight away?

Question

see above thank you!! any help would be great, thanxs!!!

xCx

Answer 1

You will have to pay the deposit before they will issue the cover note which will be followed by the full certificate and conditions.

Answer 2

As soon as you commit to the policy.  As an agent, I do not issue an insurance certificate until funds are received.  Once the deposit is received, the paperwork is processed, signed, and printed regardless of the future effective date of the policy.

Answer 3

Depends on the insurance company.

If you are paying by direct debit from inception I would expect an initial deposit of 25% to be taken as soon as the DD is set up and the next payment a month from the inception date for 9 months.

It is unlikely that you will be asked to pay anything before the commencement date of the policy.

Answer 4

My policy starts on the 24nd of Feb, I got the Direct Debit renewal yesterday and it is going out on the 24th. I think it has to be on the start date.

Hope this helps xx

Answer 5

straight away normally

Answer 6

As soon as you agree to take out the policy you should pay the deposit. That way you are covered

Answer 7

it is on the start date, if you are paying all 6 months, then 6 months will be due. If you pay monthly only one moneht will be due.

Answer 8

Most policies ,but not all, start at midnight,

so for safety, the day before , well I do.