There are several different types of monthly car insurance, so first of all we need to find out which one of them is best suited to your needs.
Annual Car Insurance Policies, Paid Monthly.
There are a number of insurers who are happy to accept monthly payments for car insurance, and some of them call their products 'no deposit car insurance' but this is not a strictly correct description. You do in fact pay a deposit (sometimes this can be as little as 1/12th of the premium), but if this is paid by credit card you don't have to produce any money yourself right away and only have to settle the credit card bill when it becomes due for payment. Do bear in mind that insurance companies often charge a bit more for monthly repayments, but there is quite a lot of competition for this type of business so you may find a good bargain. One way to search for the best policy is via a dedicated car insurance price comparison engine like Tesco's which can let you compare basic policy prices as well as monthly repayments from multiple car insurance providers, so that you can choose the best one for yourself.
Renewable Monthly Car Insurance
There is a policy that you can take out on a month by month basis and this may be a good choice if you only need insurance for a few months or if you do not know how long you will need it for, but do not expect it to be required for as long as a year. The minimum period of cover you can get is one month, and the maximum eight months. The way it works is: you get a monthly quote and if you find it acceptable you buy the first month's cover; this is then renewed automatically at the end of each month, unless you give at least two weeks notice that you wish to cancel it. They do send you an e-mail to confirm that they are renewing it but it is very important that you keep on top of arrangements like this otherwise you could easily end up paying for a month more than you intend to, and you would have no redress. The policies are just like normal annual ones, you have a choice of third-party or comprehensive cover, and as optional extras you can choose cover for travel within the EEC or breakdown cover. This policy is only available online.
Up to a Month Car Insurance
You may want to insure a car for less than a month. Short term cover for between one and 28 days has been available for some time now but there are still a lot of people who have never heard of it, which is a pity because it can be a very useful product. Only available online, you can get a quote, buy your insurance and receive your documents by e-mail within just a few minutes, so it can be ideal for emergencies when you need to arrange cover for a short period very quickly, as well as those times when you want to either borrow a car from someone, or lend your own to someone else. It doesn't matter whether you own the car or not, you can still insure it. Again, you can have the choice of comprehensive or third party only cover, plus optional European travel and breakdown cover.
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