If you are new car driver and particularly if you are young, generally under 25 then you will find that you car insurance premiums are quite high. Depending on the car you are trying to insure you can find that the premium for a years insurance can reach over a thousand pounds.
With car insurance being so expensive it can be difficult to find the money to cover the cost all at once. It would be a lot easier if you could pay monthly for your insurance like you do with all your other bills. It would certainly make it easier to budget if you could set up a direct debit to pay monthly.
There have been several insurers in the UK who have offered an option for you to be able to pay for you car insurance in monthly instalments. However you will usually find that you will need to pay a deposit up front and you will be expected to pay interest and possibly admin charges on top of your premiums. This will bump up your overall costs for the amount that you pay for your car insurance.
A few specialist insurers do however now offer no deposit car insurance where you can pay monthly. This pay as you go type insurance is set up from the get go to be a month at a time insurer. The advantage of having this type of insurance is that you can pay monthly and you only pay for the months that you use. This means that you can cancel at any time having only paid up for the months that you need.