Paying monthly for your insurance with Zego Credit? That’s called premium finance.
Instead of paying the full cost of your insurance policy upfront, premium finance gives you the option to spread that cost across a series of monthly payments. This can make your policy more manageable and flexible, especially if paying in one go would be difficult.
Here’s how it works:
Zego loans the cost of your insurance premium when your policy starts.
You repay that amount to Zego over time in monthly instalments. This repayment is made under a regulated credit agreement, which means it’s a formal loan agreement that follows UK consumer credit laws.
Payments are taken automatically from your debit card on a date you choose during purchase.
It’s important to know that premium finance with Zego Credit is a separate credit agreement from your insurance policy. While they work together to keep your policy active, they are legally two different contracts.