Pay Insurance Premiums Yearly or Semi-Annually to save money.
While we all like to pay nice low monthly payments on our insurance premiums, did you know that you're paying more for this convenience? If you have a little extra money and can budget properly, ask your insurance company what your payments would be if you paid once or twice per year. By paying monthly you are paying a fee each month for this convenience, making it more expensive to pay monthly. Some companies almost always recommend monthly and you think you're getting a good deal, when the truth is, the insurance company is making more money with your monthly payments.
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