One Month of Insurance
 

I've been looking around but can't find the info I need so hopefully someone on here can help...

I've been trying to get insurance for my car for the last couple weeks. I waited until my birthday (16/07) to move into the next age bracket and save some money on my premium. Unfortunately I had an accident (hit parked car leaving work) and made a claim in August 2006. What all that means?

I can pay $1800 / year today for my insurance with RAC (whom I've been a member with for a few years now). Or I can pay $1560 in one months time when my no claim goes from 20% to 30%. Problem is I need to fill the gap cause I *really* dont want to have the car parked in the garage for another month (and neither do my folks). Every insurer ONLY does annual insurance which means I can't buy a single month (without getting penalised?).

So does anyone know any insurer that can provide me with just one month of insurance? I'm a little hesitant going for just one month of 3rd party or whatever. Heck I don't even know if insurance companies even offer one month of that! Surely some company(ies) provide month by month insurance? I know its going to cost but just saving that $250 alone should pay for the month.

Just Car can i believe.

I just switched my payment method from Annually to Monthly.

You'll get ripped to shreds if you make a claim in that month though.

Far out talk about a quick reply. Cheers :)

I did have a look at them too and they have the cheapest premiums but one crazy arse excess (especially if you add the AD-just excess stuff). All insurers allow people to pay by the month but you get "contracted" to that. I'll look into it though.

PM sent

check out the cooling off period.. You may find you can get something then can it in 30 days and get your money back then go with the new insurance??

[QUOTE=ReppohC]I know its going to cost but just saving that $250 alone should pay for the month.[/QUOTE]

I'm confused...

If its going to cost the same as the higher amount, then just pay that?

From what I can gather...
(1 month insurance) + (Next Year's Cheaper Insurance) = (Current high insurance)

So you have the same financial outlay, but with one option you have the insurance and don't mess around with 1 month insurance/no insurance/some other method.

Check the fine print, but i know when i left just car (you pay anually) i was able to cancel my policy with them and recieved a refund for the remaining 6+ months worth of payment. I know with RAC you are able to pay monthly, so just take out a insurance policy and cancel it when you want to change to somewhere else.

[QUOTE=Kato]I'm confused...

If its going to cost the same as the higher amount, then just pay that?

From what I can gather...
(1 month insurance) + (Next Year's Cheaper Insurance) = (Current high insurance)

So you have the same financial outlay, but with one option you have the insurance and don't mess around with 1 month insurance/no insurance/some other method.[/QUOTE]

The problem is that my insurance is always going to be 1 months out of sync with my no claim. If it was completely out of phase I'd not bother waiting and pay whatever it cost. If I managed to keep a clean record I'd save almost $800 in insurance premiums over the next 5 years. Who am I kidding though I'm probably going to have to claim again in the next couple years anyway.

[QUOTE=elemist]Check the fine print, but i know when i left just car (you pay anually) i was able to cancel my policy with them and recieved a refund for the remaining 6+ months worth of payment. I know with RAC you are able to pay monthly, so just take out a insurance policy and cancel it when you want to change to somewhere else.[/QUOTE]

I asked them that. Apparently you get a 10% penalty if you apply for any other policy with them. As such if I went for a month with them, cancelled and bought insurance in a month I'd still be paying the same as I would now.

Ring HBF for a quote as they do monthly.

Been with HBF for awhile now, much better than the
other insurers ive had IMO.

Find out if you can pay for a 1 month cover note.