Premium Credit are a Premium finance company which provides a convenient way to pay for your insurance. Rather than having to find a large sum up front to cover the premium, you can instead spread the cost by paying in smaller regular instalments to Premium Credit. It can help you budget more effectively.

After you have provided some personal and bank details, Premium Credit will prepare all the necessary paperwork and tell you all the details you need to know. These include confirmation of the loan to pay your insurance premium, the amount of your regular repayments and when they will start and finish.

We will also ask you to sign a credit agreement which you may be able to do online via our customer portal, My Premium Credit; this portal provides instant 24/7 secure access to useful information over the lifetime of your account with Premium Credit including your Direct Debit amounts and correspondence. My Premium Credit also enables you to keep tabs on how much you've paid, settle any missed payments and update any changes to your personal and bank details.

Premium Credit will then pay the insurance premium direct to us as your Insurance Broker. Your repayments will automatically be collected by regular Direct Debit from Premium Credit.

Benefits to you by paying via Premium Credit include:

  • The convenience of paying by monthly Direct Debit
  • Access to Premium Credit’s Online Portal
  • Flexible way of spreading your costs