Yearly premium payments will save you a lot and make you attract a more affordable insurance quote Indianapolis when compared to monthly payments. Your insurer sends 12 notices for monthly payments instead of one for annual payments. This increases their overhead.
The cost shoots up if you add the fact that they pay transaction charges for processing each check you give them monthly as payment. Twelve checks mean 12 transactions and will draw 12 separate fees.. And as with everything else, it’s you the client or insured who will be responsible for that cost.
Therefore, you will attract cheaper premiums if you opt to pay your premiums yearly. You could save up to a month’s premium in just a single year.
