Pay by the Month
Our monthly insurance payment option helps ease the burden that a yearly annual premium can bring by allowing you to spread your annual insurance bill across twelve easy to manage monthly instalments. It is however important to note that it does cost more to pay by the month than it does to pay annually.
If you want to pay your policy by the month, you will need to phone 13 11 55 and provide your account or credit card details. The policy holder must be an authorised signatory on the nominated account. If you pay your insurance monthly, certain conditions will apply to your insurance cover, see details below and refer to the Product Disclosure Statement.
Pay by the month Information
If you choose to pay your insurance monthly, the terms and conditions contained in the Direct Debit Request (DDR) Service Agreement and Direct Debit Request will apply.
For new customers, insurance cover will commence on and from the effective date shown on your Certificate of Insurance. The first deduction will draw from your nominated account or credit card on the effective date and then monthly thereafter on the same date.
For customers who are renewing their insurance policy, cover will commence on and from the effective date and time shown on your Certificate of Insurance. Monthly instalments will automatically continue to be deducted on the date shown on your Insurance Account.
If an instalment payment is overdue we can refuse to pay a claim if payment is 14 days (or more) late and we can cancel your policy without notifying you if payment is a month (or more) late.
Insurance is issued by AAI Limited ABN 48 005 297 807 trading as Suncorp Insurance.