Insurance question

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  1. e1usive's Avatar
    • Exalted Member
    • Posts: 308
    Insurance question
    Getting my 05 corsa insured if I pass my test, in 2weeks.

    Just a question, on co-op young drivers, they say £350 deposit then £93 monthly for 10months

    Does the monthly payments start from month 1? Or do I pay the deposit then get 2months until my monthly payments start?

    Thanks
  2. FXX's Avatar
    • Vengeful, Imperial Overlord of The Student Room
    • Location: Kent
    Re: Insurance question
    The £350 deposit covers the first month, you'll pay the £93 from the month afterwards.
  3. e1usive's Avatar
    • Exalted Member
    • Posts: 308
    Just the first month? Because it says 350 with 93 for 10 months so what happens to the other month?


    This was posted from The Student Room's iPhone/iPad App
  4. +Adam+'s Avatar
    • Respected Member
    Re: Insurance question
    (Original post by FXX)
    The £350 deposit covers the first month, you'll pay the £93 from the month afterwards.
    Really? Thats not what my policy contract says :confused: I bought the policy on the 18th of July and they say the next months payment is due for the 31st of this month
  5. e1usive's Avatar
    • Exalted Member
    • Posts: 308
    Re: Insurance question
    Adam, are you with co-op young drivers?
  6. +Adam+'s Avatar
    • Respected Member
    Re: Insurance question
    (Original post by e1usive)
    Adam, are you with co-op young drivers?
    Yeah I am. I double checked the policy contract and the letter and it says first payment due on the 28th July to be collected on the 31st July which is a bit odd as I expected it to be the following month the deposit was paid
  7. e1usive's Avatar
    • Exalted Member
    • Posts: 308
    Re: Insurance question
    Perhaps you get the last 2 months free then? Not sure.
  8. JC.'s Avatar
    • TSR Legend
    • Location: Underneath an MGB V8!
    • Posts: 12,683
    Re: Insurance question
    (Original post by e1usive)
    Just the first month? Because it says 350 with 93 for 10 months so what happens to the other month?


    This was posted from The Student Room's iPhone/iPad App
    Yup. month 12 you don't pay anything.
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