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What's an installment payment service fee?

Some insurance companies charge a fee for each monthly payment if you do not pay in full for the policy.

This fee usually covers the cost of processing your payment on a monthly basis. To avoid paying this monthly service fee, you can pay in full when you buy your auto insurance policy.

With CarInsurance.com you can always make paymetns on your policy. The only exception is when the state requires a paid in full policy (some SR-22 policies).

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car insurance commentsIt is not really telling me if its possible to pay for car insurance monthly.
Question Details
This car insurance question was asked on 4/7/2005
This auto insurance answer was last updated on 7/7/2006
Rated 6 out of 10 based on 4 votes.
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