Buy to let insurance: Landlord fined for illegal renting
Computer Quote Insurance offer you a unique way to pay for your car insurance online: the Pay As You Go monthly instalment plan. Unlike most annual instalment plans offered by other insurers, you can stop, start or cancel at any time with no penalties as long as you keep your payments up to date and return the certificate of insurance to us with your instruction to cancel.
A deposit is required (typically 12% of the total annual cost including all charges) by credit or debit card and the balance is payable over 11 equal monthly payments by Direct Debit. At renewal, no deposit is required and the balance is payable over 12 months.
The premium is subject to an interest charge when using the Direct Debit facility; based on the total price, the current rates are:
| Product | Interest Charge | APR | Deposit |
| Motor |
13.65% | 29.80% typical variable | 12.00% of total premium |
| Motor (Renewal) |
13.65% | 33.20% typical variable | None |
| Household | 11.90% | 25.70% typical variable | 15.00% of total premium |
| Household (Renewal) |
11.90% | 28.50% typical variable | None |
Example - Motor New Business Interest Charges
If the total premium is £500.00, a deposit of 12.00% (£60.00) is payable. The remaining balance of £440.00 is paid over 11 instalments with interest charges of 13.65% (APR 29.80% typical variable). Therefore, the interest charge for the year is £60.06 and the monthly payment is £45.46 (£440.00 + £60.06) ÷ 11.
Pay As You Go is available for car, van or home insurance policies arranged by phone or online.
Call 0800 389 9949 or click here to use our contact form for full details.
Funding may be supplied by Stride Limited or Premium Credit Limited.
