Insurance Quotes Los Angeles — Electing To Pay Your Rates On A Monthly Basis Leads To Higher Rates
January 14th, 2010
You will get lower insurance quotes Los Angeles if you elect to pay your rates yearly and not every
month. A strong reason for this is the cost an insurance company incurs by sending you 12 bills instead of just one
yearly.
As if that was NOT enough expense, each check they get attracts a transaction charge too. 12 checks mean 12
transactions and will attract 12 separate fees.. These and other costs so incurred by your insurer are eventually borne by
you, the policy holder..
Therefore opt for annual payments instead if you intend to make savings through this means. What
you will save could be as much as 8.5% of your total monthly payments over the course of just a year.
Entry Filed under: Miscellaneous