How To Get Annual Premium Discounts

There are many choices to make about car insurance: how much coverage to carry, what kind of deductible to set, whether to add on extras like towing or windshield coverage. You’ll also need to select how and when you’ll pay the insurance premiums. Most insurance companies allow you to pay for the entire policy at once or spread out the payments over each month. If you choose the first option, you can save some money. Find out how to get annual premium discounts and get online auto insurance quotes from our website.

how-to-locate-the-right-amount-of-lexus-rx-auto-insuranceWhen you pay for your auto insurance annually, you have the advantage of getting that bill out of the way for the entire year. This is extremely helpful to people whose income is variable or work only during one or two seasons.  For example, an accountant makes a lot more money during tax season could use some of that to pay the car insurance bill for the next year, reducing expenses during other seasons. If you tend to forget making bill payments, paying the insurance premium once a year could save you money if you usually incur late fees. It could even save you from having your coverage canceled because you are a late payer.

Perhaps the biggest reason to pay your premium in full is that many companies give you a discount for paying it in full. If doing so will save you money, then it is definitely worth looking into. The amount of saved money by the discount varies between carriers, but even a 5% discount is a big saving, considering the amount paid in full. All you have to do is to contact your carrier and inform that you want to pay in advance now or upon next renewal.  But first, make sure you will get some financial advantages and ask the carrier about potential discounts.

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