If you pay by direct debit, and haven't made any changes to your policy over the last year, the ‘last year’s premium’ figure displayed on your renewal notice may be based on the number of instalment payments for the coming year. We've done this so that you can compare the instalments of your renewing policy to the instalments you paid last year, like-for-like.
For example, if you paid 25 instalments last year, and you have 26 this year, your ‘last year’s premium’ figure will be based on 26 payments.
This is calculated as: Last year’s premium = Annual premium / number of instalments for upcoming year.