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.
