Elephant Insurance

[Adam.P]

Hi

Does anybody know if the do their insurance on monthly payments? I have enough to cover paying it off in one, but a few things have come up that need paying for so my insurance money could help with those!

Thanks

Adam

 

[Plummer]

I'm pretty sure they do.
Admiral do and they are part of the same company iirc?

 

[Adam.P]

Yes Admiral and Elephant are, and quotes or more or less the same. Thanks mate.

 

[Jordi17]

the price will probably go up alot though when paying monthly, i had this problem.

 

[Plummer]

the price will probably go up alot though when paying monthly, i had this problem.

True,
Think I was quoted 1000ish originally, monthly seen that up to 1400ish.

 

[Ben.]

Yeah if you pay monthly with them it can get rediculous

 

[CuppyDean]

Yeah elephant wack on a nice big APR rate when paying monthly

 

[wezzel98765]

When you pay monthly you lose your online discount and, as said above, they whack on a HUGE APR

On my new car I've got, was quoted £1600 for the year, but I can't afford it, so I'm paying monthly @ totalling £2250!

 

[Girder]

When I was with Elephant I was told I could pay it off early and not have to pay the APR for the remaining months.

Hope this helps!

 

[wezzel98765]

I'm looking at doing that.

They said that to me as well. However, I need to sell my old car (206 1.6 XSi) before I can do that

 

[SC03OTT]

When you pay monthly you lose your online discount and, as said above, they whack on a HUGE APR

On my new car I've got, was quoted £1600 for the year, but I can't afford it, so I'm paying monthly @ totalling £2250!

You.Are.Mental.

Anyway, 0% credit card to pay it off in one go, then pay the card off monthly with no interest. Cut the card into little bits if you don't think you have the will power to no use it again.

 

[wezzel98765]

I'm self employed and 18 years old so getting a credit card with that sort of limit is pretty impossible.

 

[skyinsurance]

Most companies will charge you for splitting your payments over the year. Best bet is to pay in one go, put it on a credit card or also ask about all payment options. My company have an inhouse option where the payment is split over 4 months with the first payment being a 30% deposit. There is a flat £30 charge for this option.

 

[Ian172southend]

also careful when looking at elephant policies that are cheap that thet are not just for ten months!