About InsPay
A different way to pay for the car insurance you already chose.
In development. Not yet available.
InsPay is a UK-based company building a product that changes how car insurance is paid for rather than what it covers. This page says what we are building, why, and how we intend to make money.
What we are building
Two things make car insurance cost more than it needs to, and neither is about the cover. One is paying monthly, which is a loan with interest. The other is the excess: the lower it is, the higher the premium. InsPay changes both at once: a lending partner pays the insurer in full and the customer repays in instalments with nothing added, and the policy moves to a £1,000 combined excess that the InsPay product insures. Same insurer, same cover, lower total cost.
It is one product offered two ways. Inside an insurer's or comparison site's own journey, where the insurer prices the risk at the higher excess and the saving is exact. And directly to drivers who already have a quote in front of them, where the saving has to be estimated and is shown as a range rather than a number.
Why now
47%1 of car insurance policies in the UK were paid for monthly in 2023, and 60%2 of the people paying that way said they did so because they could not afford to pay in one go. The regulator's study of premium finance found headline rates of 20% to 30%3 and £872 million4 of revenue from car insurance alone in a year. Its final report, in early 2026, found that costs had fallen since the Consumer Duty and decided against capping them. So the people paying the most for their cover remain the people least able to pay for it any other way. That is the problem InsPay is built around.
How InsPay will make money
InsPay charges a price for the InsPay product: arranging the payment and providing the excess cover. That price is shown in full before anyone agrees to anything, and it is the same whether or not the customer uses the credit facility. InsPay does not earn interest on anything. The credit is provided by a lending partner, which holds the credit agreement and carries the credit risk, and the excess cover is provided by an insurer.
Working with insurers and comparison sites
InsPay is a supplier to the people who already sell car insurance, not a route around them. An insurer or comparison site presents InsPay in its own brand, keeps the customer and the renewal, and receives the premium in full on day one. What that involves is set out on the partner page.
For insurers and comparison sitesWho we are
A small team based in the United Kingdom. We will introduce ourselves properly when there is a product to stand behind. Until then, the company details are in the footer of every page, and the fastest way to reach us is below.
Where we are
Not yet. InsPay is in development. Nothing on the website is an offer, a quotation, a recommendation or advice, and InsPay will not arrange credit or distribute insurance until it can do so under the permissions of an authorised firm. The only thing the site invites you to do is leave an email address to be told when that changes.
- 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.
Contact
For anything other than partnership enquiries, write to hello@goinspay.com.
For insurers and comparison sites: partners@goinspay.com.