Last year you paid for your insurance via a loan agreement. The cost of your premium was loaned to you by Premium Credit Limited, and you paid them back via a monthly direct debit.
When your policy auto renews, we will also renew your premium finance agreement with Premium Credit Limited.
By paying for your premium via premium finance, you will pay more overall than a customer who pays for their premium in full upfront.
The total you will pay this year on premium finance will be
£[FinanceTotalIncludingPremium]
If you would prefer to pay for your policy without using premium finance, click below to login to your account and renew online:
On a balance to be financed of £[DiscountedpremiumincludingIPT], you will pay 1 instalment of £[FinanceFirstInstalment]. This will be taken on the renewal date, or within three days of the renewal date.
10 remaining payments of £[FinanceAdditionalInstalments] will then be taken via a monthly direct debit. If you asked us to change the day of the month this payment goes out last year, we will maintain that this year.
The first instalment is subject to a £[AdminFee] admin fee charged by the lender.
The total amount payable is £[FinanceTotalIncludingPremium] which is equal to an APR of [FinanceAPR]%. You must be aged 18 or over.
Total cost you will pay including finance:
Insurance Premium:
Cost of finance:
Admin fee:
APR:
The Direct Debit Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits. You can view the Direct Debit Guarantee by clicking below.