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Your Revolut Car Insurance policy is paid either as an annual premium in full or through 12 equal monthly instalments. It usually costs less to pay an annual premium for insurance. If you choose to pay monthly, the total price of your insurance will be higher.

Monthly payments will be collected on the same day that your policy started each month.

For example, if your policy starts on the second of the month, payments will be taken on the second of each subsequent month. This payment date can't be altered after the policy is purchased.

• You’re responsible for making sure you have enough money in your Revolut account to pay your monthly insurance premium
• If the payment fails, 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

To get a receipt for your car insurance payment, download it from your transaction history in the Revolut app. Simply tap the premium payment in your transactions list, and then tap 'Download'.