Annual Policies
Motor policies in the UK are traditionally offered on an annual basis, providing cover for a 12-month period. The premium may be paid in one of 2 ways:

Lump Sum
The annual premium is paid in full at the inception of the policy.

Instalments
The client may spread the cost of the policy premium over 11 months. The first payment is 20% of the annual premium, followed by 10 monthly installments.

Renewing Policies
Annual policies that are renewed at QuoteMart for another 12 months have similar 2 payment options.

Lump Sum
The annual premium is paid in full at renewal of the policy.

Instalments
The policy will always renew based on a 12 month installment plan, without an initial 20% installment.

All clients, must pay their premiums by direct debit from a bank account, or by deductions from either a credit card or debit card. QuoteMart has no facility to handle cash or cheque payments. The account holder from whose account the premiums are paid, does not have to be the client or indeed anyone named as a driver on the insurance policy.