Do you pay car insurance monthly or yearly?

FREE Car Insurance Comparison

 Secured with SHA-256 Encryption

Compare quotes from the top car insurance companies and save!

In a nutshell...
  • You can pay your auto insurance premium in monthly installments, or pay the premium all at once
  • Paying the full premium all at once can ensure your policy is not canceled for missing a payment
  • Options include making a payment on the insurance company’s website, paying through an insurance company’s mobile app, and setting up monthly auto payments

As you shop around for a new car insurance policy, it’s important to plan ahead to ensure you will be able to cover the cost of your premium.

Most insurance companies will allow you to pay the full amount up front, for either a 6 month or 12 month coverage period.

Enter your zip code above for FREE car insurance quotes today!

Annual Payments

Dollarphotoclub_66883101-1600x1600

Paying the entire premium up front usually means you will get a discount. So if you can pay all at once, you can save quite a bit of money compared to paying monthly.

Otherwise, you have the option to purchase a 6-month policy, and that is considered to be a semiannual premium.

Either way, there are many benefits to paying your premium up front. You won’t need to worry about the monthly installment fees or the hassle of remembering to pay every month.

FREE Car Insurance Comparison

Compare quotes from the top car insurance companies and save!

 Secured with SHA-256 Encryption

Monthly Payments

You can choose to pay your auto insurance premium in monthly payments rather than all at once.

This is good for those with jobs that pay bi-weekly or monthly. You can pay a little at a time for a small installment fee.

Even if you decide to pay monthly, it’s good to be sure you have or will have the whole amount of your premium.

Missing a payment for any monthly bill can hurt you, but missing an auto insurance payment can especially do so.

For example, if you are moving out of state and need to cancel your policy with your current car insurance company, you won’t have to wait for a refund of the remainder of your premium.

Car Insurance Payments

AdobeStock_58145823-1600x1600

There are several ways to make an auto insurance payment.

A lot of insurance companies now have smartphone and tablet apps that allow you to log in and make a payment on the go.

You can also pay on their website or set up automatic monthly payments.  As a bonus, you may get a discount off your premium for setting up auto-pay.

Be sure to know what your state requirements are because most states require at least liability insurance.

Do your best to set aside the required amount per month. Not only will this affect your ability to drive legally, but a canceled insurance policy can affect your rates in the future.

Enter your zip code below for FREE car insurance quotes today!

FREE Car Insurance Comparison

Compare quotes from the top car insurance companies and save!

 Secured with SHA-256 Encryption

[0-9]
[0-9]