What’s a credit agreement?

You can choose to pay for your Prima car insurance in monthly instalments, rather than in one lump sum. If you do this, you’ll be taking out a loan with Close Brothers, our premium finance partner. 

Essentially, Close Brothers pay the cost of your insurance upfront. Then you pay them back in monthly instalments with interest. 

Your credit agreement outlines the terms by which you’ll repay Close Brothers. By signing it, you’re agreeing that you’re willing and able to repay them. 

How to sign your credit agreement 

Once you’ve taken out your policy, Close Brothers will email your credit agreement to you. You can sign it electronically on your smartphone, tablet or desktop.