Do you pay your home and car insurance monthly or annually? And why?
I pay it semi-annually. I dislike having monthly bills. There is also a savings incentive for paying semi-annually as well as annually. Monthly installments are treated like loans and interest rates apply on most insurance policies that offer installments.
Annually. You receive a discount for paying in full. Also, it's one less bill to think about until next year. As dashingscorpio said, you also avoid any potential interest charges.
Monthly because the cost is too much for me to pay up front. But I am in the process of switching insurance providers, and if I will be able to pay the bill in full as a result I definitely will. I think like the others mentioned That extra discount is worth it, as is having one less bill to pay.
by HubPages6 years ago
How To Pay Mortgage Early
by nicomp really8 years ago
Personal freedom continues to ebb away...http://news.yahoo.com/s/ap/20090908/ap_ … e_overhaul"WASHINGTON – Americans would be fined up to $3,800 for failing to buy health insurance under a plan that...
by MissJamieD5 years ago
Ok, I live in Minnesota and the law says you must have auto insurance to be driving on the road. If you don't have it, you can/will be charged a fine and possibly jail time. I do understand how important it is to have...
by PhoenixV12 months ago
I hear he gets free healthcare but Im wondering if we have to pay for him or his familys auto insurance too.
by Michael Durden7 years ago
How much do you pay for car insurance?
by politicsdaylee7 years ago
well congress has given the people of the United states more burden with this bill they they pass illegally. who is going to protect us from the democratic party? well don't lose hope maybethe supreme court will...
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