0% Finance, 100% Certainty: Spreading the cost of Motor Fleet insurance
At Century, we understand that for many businesses, managing cash flow is just as important as the insurance cover itself. A large upfront premium can often be a significant hurdle, even when the risk is right.
That’s why we’ve officially launched our in-house 0% payment plan facility. It allows clients to spread their premium over 10 equal monthly instalments, with the total cost remaining exactly the same as a single upfront payment. No interest, no hidden fees, and no third-party complications.
Why we’ve brought finance in-house
The traditional route of using third-party finance providers often comes with an administrative burden and, more importantly, an element of uncertainty. We’ve all seen cases where a deal is ready to bind, only for an external lender to decline the credit at the last minute, leaving both the broker and the client in a difficult position.
By handling the payments ourselves, we’ve removed that friction. If we are happy to underwrite the risk, we are almost always happy to provide a payment plan for it. This integrated approach means:
- True Interest-Free Payments: The premium is simply divided – what you see is what you pay.
- Total Certainty: Because the payment plan is handled by our team, there’s no risk of a third-party lender pulling the plug on renewal day.
- Broad Eligibility: We’ve made this available across the vast majority of our Motor Fleet risks, regardless of size.
A Practical Edge for Brokers
For our broker partners, this is about more than just a payment plan; it’s a tool to help you close business faster. It removes the need for separate finance applications and the associated paperwork, allowing you to offer a clean, reliable solution that keeps the placement simple. It’s a genuine USP in a market where interest-free options are becoming increasingly rare.
“We wanted to remove the barriers that often make securing quality fleet cover a challenge,” says Steve Sargeant, Head of Underwriting at Century. “By bringing the payment plan facility in-house, we’re able to offer a level of certainty that third-party lenders simply can’t match. If we believe in the risk, we’ll do everything we can support the client. It’s about making the entire process smoother, more transparent, and ultimately more accessible for the broker and the policyholder alike.”
Ready to find out more?
The 0% payment plan option is available now and is already being utilised by many happy customers. If you’re a broker looking to provide your clients with a more flexible way to pay, simply mention the 0% option to your Century underwriter during the quoting process.