Paying for insurance with installments
 

I had a lowest quote recently for £740 to renew my Scoob.

However, when I asked to pay by installments, the price went up to £1190, with a first payment of £230 and the remainder in installments of £98.

Why is finance on insurance such a rip off? Loan sharks probably charge a lower rate.

Are there any insurance companies that don't charge such a high rate? Even if the initial quote is higher, the full amount could easily be much lower.

Stick it on a 0% credit card for 12 months and pay it off monthly. :thumb:

I'd love to be in a position to do that, but I'm not right now. Thanks for the suggestion anyway. I will be doing that next year though, if I don't pay the whole premium in full, that is.

Looks like I'll just have to be ripped off by another insurance company - again.