Monday, 10 November 2008

Paying Insurance By Installments If Under 18

So you've passed your driving test, and you're paying for your insurance on your car. However if you are under 18, you can't pay it monthly as legally you cannot get credit.

There is a way around it though. Some insurance companies allow you to pay monthly, if you can provide someone over 18 to act as a guarantor, who can pay the monthly installment, should you not pay it.

Another option is a company such as eCar, where each month is a new policy, so no credit. However, this tends to work out more expensive.

Rob Laird - ADI
About RPL Driving School

1 comment:

Natalia said...

I am facing difficult in paying the full amount of the policy and after reading the option that you have suggested I am feeling happy that I can also make out an insurance policy now. I will contact an agent today to learn more about this option.
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