Renters Insurance Quotes: Electing To Pay Your Premiums Monthly Leads To Higher Rates

December 29th, 2009 by admin

You’ll get lower renter insurance quotes if you choose to pay your rates yearly and not monthly. A strong reason for this is the cost an insurance company incurs by posting you twelve bills instead of just one anually.

The cost shoots up if you add the fact that they pay transaction fees for processing each check you give them monthly as payment. They pay transaction fees twelve times instead of once a year for monthly premiums. These and other charges so incurred by your insurer are eventually paid by you, the insured..

Therefore choose annual payments instead if you want to save this way. You could save up to a month’s premium within a year.

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