car insurance

[shabill]

i have recently had my car stolen,returned,written off, brought back from insurance company and paid my excess.they are now trying to get me to pay the remaining four months of the policy is this correct?

[KJN]

I would have thought so otherwise we would all pay monthly and if in the first month had an accident said thanks but no more payments for you Mr Insurance Company then the insurance companies would go out of business. I think you will find in the small print that you have entered into a yearly contract so to speak, i.e. agreed to pay 12 payments of £---

[TonyV]

Afraid so Shab - you bought the policy for a year, but chose to pay installments

[shabill]

thank you tonyv and KJN for your replies

[R1Geezer]

yes, insurance is an annual thing. Most companies let you pay monthly but the actual contract is annual.

[welshlibranr]

yes, your insurance premium is for a year!............if you decide to pay monthly, then you still need to pay for the full year to get the full benefits!.................

[Hopkirk]

I pay my insurance up front for the whole year.

If my car was written off after six months, I couldn't expect half the premium to be refunded.