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QuestionInsurance Question  Is it better to pay via monthly payments or pay it all off at once?

AnswerAuto Insurance Answer

If it is better to pay for an insurance policy in full or to pay for it through monthly payments is a personal decision best ruled by your own financial means and abilities. If you can afford to pay the policy upfront and all at once then do so. If instead for your finances it is better to pay it off in installments then choose the monthly payment method.

With some of our carriers, you can add an additional 10% in savings when you pay in full.

Monthly payments with some car insurance companies come with a fee for each monthly installment. This fee usually covers the cost of processing your payment on a monthly basis.

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

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