Insurance Quotes San Diego: Get Lower Rates; Elect To Pay Your Premiums Anually And Not Every Month
December 16th, 2009
Choosing to pay your premiums on a monthly basis results in more expensive insurance quotes San Diego than you would spend if you choose to pay yearly. This is because sending you twelve payment notices by mail each month costs your insurer a lot.
If you include the fact that each check you make out is seen as a transaction by their bankers, you’ll see that they still spend some more on transaction fees for each check you pay in. 12 checks mean 12 transactions and will attract Twelve separate fees.. And as with every other thing, it is you the end user or policy holder who will be responsible for that cost.
So, you will attract lower premiums if you opt to pay your premiums anually. The real amount you could save might differ but you may be able to save up to a month’s premium worth with some insurance companies if you choose this option.
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