You have two payment options available to pay for your insurance policy:
- Payment in full by Credit/Debit card
- Spread the cost over 9 monthly instalments (subject to a certain criteria)
If you choose to save money now and spread your payments over the year, an initial payment (deposit) is required by credit or debit card to start the policy, followed by equal monthly instalments from your bank account. An interest rate will be applied; therefore, this option may cost a little extra, but it can be a lot more convenient.
We're sure you've saved money already by choosing BoxyMo.co.uk. And you can save even more by avoiding phone and admin charges and making your payment securely through our website.
REGULATIONS ARE CHANGING!
As of 27th July 2018, when you apply for finance, a creditworthiness assessment will be performed by the finance company. If you do not meet the affordability criteria, you will have to find an alternative way to pay for your insurance premium. Close Brothers Premium Finance will write to you with their decision, alternatively if your loan is authorised, you will receive confirmation and your payment schedule via email.