Car Insurance by instalments

[Tups]

If I buy my car insurance in instalments then write off my car in a couple of months, having paid only 2 months of the insurance, am I contracted to keep paying the instalments for the rest of the year?

[sara3]

I would imagine the agreement is like a loan agreement, so yes.. you would have to pay for the whole year.

it must be in the small print.

are you planning, or has your car been written off?

[gouldc]

What we usually do is deduct the outstanding premium (ie ten months in this case) from your settlement figure for the car.

So if you car was worth �8000, and your outstanding premium for the 10 months was �500, the offer would be �7500 (ignoring the excess for the purpose of this example).

[sandmaster]

Did you have third party or fully comp? Did your insurer pay out to a third party?
If you only had third part cover, and the claim resulted in the third party being compensated, then yes - you will have to pay the remaining premiums.
If you had fully comp the remaining premiums will be deducted from your payment.

[R1Geezer]

Yes you are, read my answer here:
http://www.theanswerbank.co.uk/Motoring/Road-r ules/Question715418.html

[abay]

In my opinion you have to pay the instalments for the rest of the year. For more about the instalment payments of insurance visit the following site.
http://insurance-plan-guide.blogspot.com