Get ffordable insurance quotes for all your policies: You'll pay cheaper rates if you choose to pay
your premiums annually and not monthly. This is
because sending you 12 bills by mail each month
costs your insurance company a lot. If you
include the fact that each check you send is seen
as a transaction by their bankers, you'll see that
they still pay extra on transaction fees for each
check you pay in.
Twelve checks mean twelve transactions and will
attract twelve different charges. These and other
costs so incurred by your insurer are ultimately
passed on to you, the policy holder. Therefore,
you'll attract cheaper rates if you opt to pay your
premiums annually.
The actual amount you could save may differ but
you may be able to save up to a month's premium
worth with some insurance companies if you choose
this option.
