Paying annually enables you to make a single one-off payment when you purchase your Car Insurance policy. However, spreading the cost over monthly payments can often be more affordable. When paying in monthly instalments, interest is added which will cost you more over the year, so it may be worth weighing up the two options to compare which is better for your budget. Be Wiser offers you the choice of paying annually or by monthly Direct Debit. Additional fees and terms & conditions apply. Be Wiser acts as a credit broker, not a lender.