Hi there,

Just got a nasty little shock this week. I am looking around for insurance for my GB vehicle which i have just imported but not yet registered in CH, as in plates etc. Well when i was looking around for vehicle insurance I discovered that all of the 7 companies i phoned wanted the total years premium up front in a lump sum. Why. I was paying via debit order monthly for my years premium so at least i could spread the cost over the year and now this. Is this the norm or are there any insurers that will do a debit order with the premium over a year.

Please help with any info if you can as I dont think i can stomach paying about 1500CHF upfront at this point.

It is normal to pay the insurance in a lump sum although some insurers do allow you to spread it with 2 or 4 payments. The thing with these is that the combined cost of the payments then gives you an interest rate of several % ie 4 or 5 which is so much as to be a deterrent. So with that check comparis.ch and see whether there are any other companies out there that do this - ie monthly payments

I have Basler for my house and auto insurance. They bill me every 6 months and charge an extra 12 francs per billing cycle for providing this service.

wannabe, I've PMed you a contact.

Thanks everyone. You have given me hope that Xmas may be good still after all.