If you've ever wondered if you pay for car insurance a month in advance, the answer is yes, in most cases you have that option. However, when you pay for car insurance coverage for the six- or 12-month billing cycle, your carrier usually offers you a discount. In addition to saving money, paying the premium annually also has its advantages. For starters, it gives you a full year of peace of mind during which you won't have to worry about missing a due date, incurring late payment fees, or canceling your insurance.
In most parts of the United States, drivers must have car insurance coverage in order to drive legally. You'll need to pay for car insurance payments by check, automatic bank draft, or even a credit card. Perhaps the biggest reserve that many auto insurance customers have when paying in advance is what happens to their money if they cancel. Some insurance companies that offer to allow you to pay monthly for car insurance are also known for poor customer service.
Of course, as you build a payment history with a cheap auto insurance company, they may stop requiring this extra step. Whether you pay monthly, quarterly, or annually, you'll always want to make sure you're getting the best deal on car insurance. When a vehicle in Georgia is considered uninsured, the owner of that car has 30 days to find a new insurance policy and is charged an expiration fee for the insurance. After several years, he expanded his experience in insurance and obtained his license in health and also in AD&D insurance.
Another benefit of monthly payments is that you'll know the due date of your car insurance instead of waiting for your insurer to notify you of the full payment of the premium. He is licensed as an insurance agent to issue property and accident insurance, including home, life, auto, general and home fire insurance. To compare quotes from different auto insurance companies, enter your zip code on this page to use the free quote tool. Even if you live in a no-fault state for car insurance purposes, you'll need some liability coverage to pay for the damages you cause in an accident that exceeds the state threshold for paying no-fault benefits.
One disadvantage of paying your car insurance premium on a monthly basis is that, in the end, it costs you more than if you paid it annually. A major disadvantage for many people when it comes to paying for car insurance annually is that they need to raise a large sum of money all at once. Fortunately, most insurance companies have realized that people need and want flexibility when it comes to paying for their insurance. As more states began requiring their drivers to have car insurance, insurers began to facilitate this exercise by offering insurance policies with monthly payments.