Online Home Insurance Quotes: Get Cheaper Rates; Choose To Pay Your Rates Anually And Not Monthly
January 11th, 2010
You’ll get lower online home insurance quotes if you choose to pay your rates yearly and not every month. Your insurer is compelled to send you 12 notices for monthly payments as against one for yearly payments. This increases their overhead.
Furthermore, each check they get attracts a transaction charge too. They pay transaction fees twelve times instead of once a year for monthly payments. These and other costs so incurred by your insurer are eventually paid by you, the policy holder..
Therefore opt for annual payments instead if you intend to make savings this way. The real amount you could save might differ but you may be able to save up to a month’s premium worth with most insurers if you choose this option.
Entry Filed under: Autos