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Pay Monthly Gap Insurance

Pay in 12 Monthly Instalments for your Gap Insurance!

 

If you would like to pay in monthly instalments for your Gap Insurance policy, please contact a member of the payments team on either 0800 195 4926 | 0151 647 7556 or alternatively you can request a call back by filling in the contact form.

 

If you choose to pay in monthly instalments, there is no difference to the way in which your policy would perform should you need to make a claim. Because we process a deposit payment, your policy is set live immediately, despite the fact we haven't received the full premium for the policy.

 

The minimum amount we can finance is £75.00. Therefore, providing your premium is more than this amount, we can spread the payments. 

 

We use a separate company to finance the policy, Premium Credit Ltd. They charge a standard fee of the higher of either £15 or 10% of the financed amount. 


Pay Monthly Example

 

Example based on a premium price of £99.37

  1. Deposit Payment: 10% = £9.93
  2. £15 Charge for Credit
  3. Amount Financed: £104.44 (inc £15 Charge)
  4. Monthly Instalment: £8.70

Example based on a premium price of £199.37

  1. Deposit Payment: £25
  2. 10% Charge for Credit: £17.43
  3. Amount Financed: £191.80 (inc 10% Charge)
  4. Monthly Instalment: £15.98

 

Please be aware that the deposit amount taken is dependent on the premium price of your policy, if you have any further questions or if you would like a member of the payment team to talk you through exactly what's involved when paying monthly, please don't hesitate to contact us. We do have the ability to finance other products as well as the Gap Insurance. 

 

You have the ability to pay in monthly instalments for Alloy Wheel Insurance, Scratch & Dent Insurance, Tyre Insurance and Combined Tyre & Alloy Wheel Insurance. You do also have the ability to pay more than the minimum deposit should you wish to reduce the 10% charge.