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Cheap Home Insurance — Yearly Premium Payments Will Save You A Lot
December 11th, 2009 by admin
You’ll get a cheap home insurance quote if you elect to pay your premiums annually and not monthly. A major reason for this is the cost an insurer incurs by sending you twelve payment notices instead of just one each year.
As if that was NOT enough expense, each check you send attracts a transaction charge too. 12 checks mean 12 transactions which attract 12 different transaction charges. And, believe it or not, these extra costs are ultimately added to your rates.
Therefore opt for yearly payments instead if you want to make savings through this means. You could save up to a month’s premium in just a single year.