£140 in addition just for spreading the payments? Why do insurance do this?
If you buy a product from a shop and you spread the payments you can understand why - they have had to pay to buy their stock in and that ties up cash, let someone pay monthly and that has a cost to the business, however - where do insurers suffer any financial consequence?
You ring them, some spotty faced yoof answers, You say - will you insure me - they say - Yea OK and give you a price.
The price they give you includes all their costs of admin (Up to this point its cost a few minutes pay for the person your talking to and no obligation from you to accept their quote)
So they add your name and details to a pre-written policy on their computer - and make it available for you to download and print - then they get to payment. (30 seconds on a computer)
You ask to pay monthly and the cheeky feckers up the price - but they have done F all in addition, not paid a penny out or tied up any money, suffered no additional costs to agree a monthly payment.
And, If you don't have a claim throughout the year they have done the round sum of diddly squat.
£140 EXTRA!!!!! I must be getting old - that's daylight robbery