That time of yr, car insurance and breakdown cover

[Endsmeet]

That time of yr has come where I have to pay my car insurance and breakdown cover.

Just had my annual I&E review and my I.P. said that 'technically' paying monthly for my insurance is obtaining credit but we should be ok with that..phew[^]

Also, Ive just seen an offer from ASDA and they do R.A.C. breakdown cover for 75 approx a yr and you can pay monthly rather than spending a lump sum all at once.
Its also much cheaper, about 30pound+ than the other breakdown companies as its the full cover, roadside,recovery and at home

I have applied for this and all seems ok, will be paying approx 6pound a month by direct debit and you can apply online

I suppose that 'technically' its also credit but again if you fail to make your monthly payments, they will just cancel the insurance/breakdown cover and owe them nothing won't they?

[MelanieGiles]

It is not credit - it is paying for your insurance in stage payments. If you fail to make one of the payments then the insurance is cancelled.

[Endsmeet]

Hi Mel, yeh thats what I am thinking but I have seen a renewal letter from one company saying that they may do a credit check, I suppose its just to confirm your address etc?

[kal]

Have a look on Compare.co.uk for Breakdown cover - I am with the RAC and pay a fortune for our cover - I found one on there for about £42 for the whole year...well worth a look.
I pay for my car insurance monthly - not sure how they would expect yu to pay otherwise.
k.

[Skippy]

I've always paid for my insurance in a lump sum, in the old days by credit card and more recently by borrowing from my uncle and paying him back. This year I thought I'd try and pay by direct debit, not expecting for one minute that they'd say yes, but I had no problem and the first payment went out today!

[Skippy]

I've just had a look at the Asda RAC cover and I'll definitely apply when mine expires in October!

[Endsmeet]

It is really good value IF you require the full package of Roadside,Recovery and At Home, much cheaper than anywhere else and a nice option of paying monthly with no extra charges.

Just an update on the car insurance thing, I have had another look at the letter/renewal that I mentioned earlier and it does state that they may do a credit check for your credit status and identification purposes, obviously they haven't done a check on me as my rating is ....well[|)]

But it would have been interesting if they had of, would they have refused to insure me, who knows?

[Skippy]

I like to have an all singing all dancing breakdown package as when I wrote my car off coming back from holiday a few years ago it came in very handy!

I don't think Churchill can have credit checked me either!

[greeneyes34]

I insure my car through the RAC and I get a deal on their breakdown cover. Just as well as I had to use it twice last year. Breaking down in roadworks on the M25 is no fun i can tell you! lol. Mine is up for renewel next march hopefully will have enough put away by then.

[plasticdaft]

It is really good value IF you require the full package of Roadside,Recovery and At Home, much cheaper than anywhere else and a nice option of paying monthly with no extra charges.

Just an update on the car insurance thing, I have had another look at the letter/renewal that I mentioned earlier and it does state that they may do a credit check for your credit status and identification purposes, obviously they haven't done a check on me as my rating is ....well[|)]

But it would have been interesting if they had of, would they have refused to insure me, who knows?

They may have just asked for the 1st 2 months payments in advance that way if you stop paying and they cancel the policy they are still up moneywise.