At the moment I´m wading through the various offers from the different insurance companies for the xyz insurances I need or don´t need (Mark has given some good advice on that!) and guess the answer to my question is buried in the forum here somewhere but thought to make a new thread specifically related to this as I´m sure it will be useful to others and may save you some dosh and heartache in the future.

Almost all the quotes for the various insurances I´ve received are for 5 years. But is it obligatory you take it for 5 years or can you insist on a 1 year contract. If you can, are you likely to have higher premiums for taking a 1 year contract or should it be the same?