We understand that our customers’ needs are individual, and that’s why we provide flexible payment options for your motor trade insurance.
HOW CAN I MAKE PAYMENTS?
You can choose to pay up front for your annual road risk policy with a lump sum payment, or you can choose to spread the cost of annual cover by paying for it in monthly instalments.
We try to be as flexible as possible, so you can choose whichever day of the month you prefer to make your payments.
New customers can choose to spread their payments over 3, 5 or 9 months. If you’re renewing a policy you can spread your payments over 4, 6 or 10 months. An initial 20% deposit is required when you set up the policy.
ARE THERE ANY UP-FRONT CHARGES?
There are no charges, fees or extras for setting up your payment plan – just your deposit to pay when you take out the policy.
HOW MUCH INTEREST WILL I PAY?
If you choose to spread your payments out, we offer a competitive interest rate of just 14.5%. The interest rate is the same regardless of the number of instalments you choose to pay in.
WILL YOU UPDATE THE MID FOR ME, AND WILL IT COST ANYTHING?
We will update the Motor Insurance Database (MID) for you free of charge. Just call or email us with the details of the vehicles that need to be added or removed from your record.
HAVE MORE QUESTIONS
We’re here to help – email us or give us a call on 0121 248 9300 if you have any questions about paying for your motor trade insurance, commercial fleet cover or road risks cover with us.
Want more? Read our guide on Vehicles on Premises cover here.
Get a quote
We can help you make sure you’re properly covered. For a quick competitive quote on your motor trade insurance, get in touch below.
