ICBC insurance payments

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Jan 16, 2006 | 05:05 PM

MikeM

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I'm getting a new car next weekend, and my insurance will be payed monthly... Does anyone know if the first payment is due on the first day, or is it billed a month after?

[ January 16, 2006, 06:05 PM: Message edited by: MikeM ]

Jan 16, 2006 | 05:38 PM

2 8's AKA Jeepbeats

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I believe it comes out the month after, pretty sure....

Jan 16, 2006 | 05:42 PM

heavyhopper

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comes out within a day or 2, with icbc you pay ahead of time

Jan 16, 2006 | 05:44 PM

2 8's AKA Jeepbeats

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Whoops looks like I was absolutely no help on this one.....

Jan 16, 2006 | 05:49 PM

JRSTAR

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yes you will have to pay your first payment by midnight of the day you get your insurance then you pick you designated day for your monthly payments

Jan 16, 2006 | 05:55 PM

MikeM

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Thanks. [img]smile.gif[/img]

Jan 16, 2006 | 05:58 PM

Mr. Marco

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Insurance is paid one month in advance as an industry standard. if you cancel, the insurance company has some time to advise those entities that may be financing your asset and give them some time to make you get other insurance or repo the goods...