Rate Comparison - October 2026
| Provider | APR From | APR Max | Max % Premium | Min Premium | Our Verdict |
|---|---|---|---|---|---|
| Close Premium Finance | 9.2% | 14.5% | 90% | £500 | Best for large premiums, lowest APR |
| Premium Credit | 9.5% | 14.9% | 90% | £500 | Best known, widely accepted by insurers |
| AFIG | 10.2% | 16.5% | 85% | £250 | Best for medium premiums £250–£500 |
| First Marine Insurance | 10.8% | 17.2% | 85% | £250 | Best for unusual/specialist policies |
| PayBreak | 11.5% | 18.9% | 80% | £200 | Best for very small premiums (£200+) |
Rates as at October 2026. Subject to credit assessment and eligibility. We compare the full market and identify the best provider for your specific premium size, vessel type and credit profile.
How to Choose the Right Provider
Close Premium Finance or Premium Credit
For premiums above £500, the two market leaders offer the lowest APR (from 9.2% and 9.5% respectively) and the highest loan-to-value (90% of premium). Close Premium Finance has a slight rate advantage; Premium Credit is more widely accepted across insurers.
AFIG or First Marine Insurance
AFIG and First Marine Insurance both have a £250 minimum, making them accessible for smaller policies. AFIG is better on rate for standard applications; First Marine Insurance is better for unusual vessel types or non-standard cover.
PayBreak
PayBreak's £200 minimum is the lowest on our panel, making it the only option for very small premiums. The APR is higher (11.5%–18.9%), but the convenience of spreading even a small premium into monthly payments is valuable for many policyholders.
First Marine Insurance
For superyacht hull cover, commercial marine P&I, charter liability or other specialist policies that the larger providers may not be set up to finance, First Marine Insurance offers case-by-case assessment and the most flexible criteria.
Lender rate pages
Each lender's full criteria, rates and our verdict for this vessel type, October 2026.
- AFIG Marine Insurance Premium Finance - Rates and Review (2026)
- Close Premium Finance Marine Insurance - Rates and Review (2026)
- First Marine Insurance Premium Finance - Rates and Review (2026)
- PayBreak Marine Insurance Finance - Rates and Review (2026)
- Premium Credit Marine Insurance Finance - Rates and Review (2026)