How to spread the cost of insurance

It's no secret that insurance policies can be costly, especially if you have more than one to take out in one go. And even when a competitive policy has been pinned down, paying out your premium in one go can seriously dent your finances.

According to the Association of British Insurers (ABI), the UK general insurance industry - which deals with motor, property, accident, health, liability and pet insurance - received £46.8 billion in net written premiums over 2012.