Purchasing car insurance, anyone that I dont have to pay a deposit with?

[DJMK4]

Hi,

Im shopping around for car insurance. I was just wondering though, is there many cheap companies out there at the moment which just ask for monthly payments and not an upfront deposit?

Would help me out a lot this month if I didnt have to pay the last payment on my current policy, then another £100+ quid for a deposit on a new policy.

Have far too many outgoings this month

 

[DJMK4]

Get yourself a credit card with a long 0% on purchases - I expect you could find one that still exists, and put the insurance on that and pay it off over the year!

Examples?

I already have an Egg card with a £400 credit limit, but thats maxed out

 

[DJMK4]

Halifax, bank of scotland doing 9 months deals at the moment!

So its 0% interest for 9 months on purchases, then after 9 months you start paying interest?

What about cards that offer 0% on balance transfers for 12 months or would it be better to stick to purchasing on credit card?

 

[DJMK4]

Can't help you on the policy front but maybe you could get your bank to temporarily create/increase your overdraft.

The big danger of a second CC is you'll end up maxing that too. Seen too many people that

No way I can get an extension on my overdraft

If i get a 0% credit card, just pay for my insurance for the year, decrease my credit limit after I have payed, or simply cut up the card.