Paying your car insurance in full saves you money!

Ok ... the ever present coupon queen in me, makes it very hard to let go of $652, even if it is for our car insurance. I used to think however that paying monthly was great because I  did not have to let go of  a lump sum all at once and let's face it most of the times we do not have that kind of spare change just lying around. Needless to say I am a convert to paying in full. Here is an example of how much you could be saving by paying you premium in full:

Payment options	Total cost
Pay in full and save an additional $108.00	$544.00 total cost for 6 months
Automatic payments from your checking account (includes $1.00 fee per installment*)	Pay $113.69 now, then 5 installments of $101.06 $618.99 total cost including fees (includes $43.00 discount)
Pay installments by Web, phone, or mail (includes $5.00 fee per installment*)	Pay $113.69 now, then 5 installments of $113.67 $682.00 total cost including fees

As you can see paying in full (we do this online via a card that gives us 4 points per dollar) saves an extra $108. This is every 6 months so over $200 per year. Check with your insurance company what options are available to you.

Happy hunting
Tamra