Lower Insurance Rates - Time-Tested Tips
Tuesday, February 12th, 2008You can get lower rates on all your insurance policies. And by this I do NOT refer to taking steps that will put you at risk by leaving you with inadequate coverage. Let s take a quick look at several things that will help you save a great deal…
1. Paying your premium yearly will get you more affordable rates than choosing monthly payments. Yes, paying monthly might be convenient but it is also much more expensive.
Each check that is processed attracts a charge. While a yearly payment attracts a single check and therefore a transaction per year, monthly payments attract twelve. This implies that transaction fees would be 12 times more for people who pay monthly.
There are also administrative costs to your insurance provider that result just from taking monthly payments. For example, it costs some money to send payment notices monthly. The additional administrative cost to an insurer is eventually paid by you (that s apart from their own profit margin for giving you such a “ (more...)
