How Car Insurance payments work
When you purchase your policy or at renewal, you can choose to pay your annual premium in full or through 12 equal monthly instalments. If you choose to pay in full (annual payment option), you may be eligible for a 10% discount.
How monthly payments work
Your first payment will be taken on the date you purchase the policy from Revolut. Subsequent monthly payments will be collected on the same day that your policy started each month.
For instance, if your policy begins on the 2nd of the month, your premium will be collected on the 2nd of every following month. Once your policy is purchased, the payment collection date can’t be changed.
Consequences of late payments
- You’re responsible for ensuring you have enough money in your Revolut account to pay your monthly premium
- Revolut will attempt to collect your monthly premium once a day, every day, after your monthly premium is due until payment is successfully collected
- If you fail to pay your monthly premium within 10 days of it being due, your policy will be cancelled
Payment receipt
To get a receipt for your car insurance payment, download it from your transaction history in the Revolut app. Simply select the premium payment and tap 'Download'.