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InsPay

Same insurance cover. A better way to pay for it.

Nearly half of car insurance policies in the UK are paid for monthly, and drivers are charged extra for the privilege. InsPay removes that interest-related cost and gets you a better price while we're doing it. Same insurer, same cover you'd buy anyway, for less than your insurer's monthly payment plan.

Nearly half: Financial Conduct Authority, July 2025.

In development. Not yet available.

One email, when InsPay is ready. Nothing else, ever.

Your car insurance quote
  1. Annual premiumToday: Set by your insurerWith InsPay: Set by your insurer, at a £1,000 excess
  2. Interest for paying monthlyToday: Charged on topWith InsPay: Removed
  3. Excess if you claimToday: You pay itWith InsPay: Paid for you
  4. Price of the InsPay productToday: Not on your quote todayWith InsPay: Shown in full before you agree

Nothing is added for credit in most cases. Where a charge does apply, it is always less than your insurer's own monthly plan would add.

Two things make car insurance cost more than it needs to

Neither of them is completely about the cover you choose. One is about the way the cover is paid for, and the other is about the level of excess you carry.

Paying monthly costs more than paying once

Insurers, in conjunction with premium finance providers, add interest when you spread the cost across the year, so the convenience of twelve payments is one of the most expensive things on your policy. InsPay removes the interest element: a lending partner pays your premium in full, and you repay that same amount across ten months, with nothing added for spreading it. What you pay for is the InsPay product itself, and its cost is shown in full. InsPay is not the lender, and instead carefully selects the company that provides you with the credit to pay for your insurance.

A large excess costs less, and it should never cost you

Raising your total policy excess to £1,000 reduces what an insurer charges for exactly the same cover. On its own that is a worse deal, because you are the one carrying the risk. Instead, InsPay includes insurance that pays up to £1,000 excess when you claim, so the lower premium is real and the excess never reaches you.

How it works

Four steps, in the order you meet them.

  1. You shop for cover the way you do now

    Compare quotes wherever you normally would and pick the policy you want. You are not moving to an insurer you have never heard of, and you are not filling anything in twice.

  2. You see the same cover priced the InsPay way

    Inside your insurer's or comparison site's own journey, or from a quote you already have. Either way the price comes from your insurer pricing the risk at the higher excess, not from anybody guessing at what you would prefer.

  3. Your insurer is paid in full, on day one

    InsPay's selected lending partner pays the annual premium straight to the insurer, which is what removes the insurer's own charge for paying by instalments. The credit agreement is between you and that lending partner.

  4. You repay across ten months, and your excess is covered

    You repay the amount borrowed, which includes the cost of the InsPay product. Claim, and the excess is paid for you, so nothing comes out of your own pocket. The cost of the InsPay product is shown in full before you agree to anything.

Where it makes the most difference

InsPay is not for everybody, and it is easier to trust a product that says so.

Normally, you pay the premium finance provider monthly
That is where the extra cost sits, and it is where InsPay has the most cost to remove. If you already pay for the year in one go, InsPay has less to offer you, and we would rather tell you that than attempt to sell InsPay to you anyway.
We suspect you would never take a £1,000 excess on its own
Nor would we. That is why the cover for the excess is part of the InsPay product rather than an add-on you have to notice, choose and remember to renew.
You want to keep the policy you chose
Your insurer, your level of cover and your renewal all stay where they are. The only thing that moves is how the premium is paid and who provides the excess insurance cover.

Two things we will not pretend about

We are not publishing savings figures
Our modelling has not been tested against real quotes yet, so any number we printed today would be a guess dressed up as a fact. When we can evidence predicted savings, we will publish them, and not before.
We are not yet authorised by the Financial Conduct Authority
InsPay intends to carry out its regulated activities under the permissions of an authorised firm with relevant and required FCA permissions. Until that is in place, InsPay will not arrange credit or sell its product to anyone.

Want to know when it is ready?

Leave your email address and we will tell you once InsPay is available. We will not use it for anything else and we will not pass it on.

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