Do you pay your home and car insurance monthly or annually? And why?

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  1. stricktlydating profile image69
    stricktlydatingposted 11 years ago

    Do you pay your home and car insurance monthly or annually? And why?

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  2. dashingscorpio profile image70
    dashingscorpioposted 11 years ago

    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.

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    1. stricktlydating profile image69
      stricktlydatingposted 11 years agoin reply to this

      Great, thanks for your thoughts!

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  3. Robert the Bruce profile image59
    Robert the Bruceposted 11 years ago

    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.

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    1. stricktlydating profile image69
      stricktlydatingposted 11 years agoin reply to this

      Thanks, I appreciate your thoughts on this!

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  4. profile image58
    ElleBeeposted 11 years ago

    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.

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