Indianapolis Free Insurance Quotes: Making Your Premium Payments Once Every Year Will Save You Much
January 8th, 2010
Yearly premium payments will save you a lot and make you get more affordable Indianapolis free insurance quotes when compared to monthly payments. A major reason for this is the cost an insurer incurs by sending you twelve bills instead of just one anually.
The cost shoots up if you include the fact that they pay transaction charges for processing each check you give them monthly as payment. 12 checks mean 12 transactions which incur 12 different transaction charges. And as with every other thing, it is you the customer or insured who will be responsible for that cost.
Therefore choose annual payments instead if you want to make savings through this means. What you will save could be as much as 8.5% of your total monthly premiums over the course of just one year.
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