Cheapest House Insurance — Get More Affordable Rates; Choose To Pay Your Rates Yearly And Not Every Month
January 15, 2010 11:46 pm HomeYearly premium payments will save you a lot and make you get a the cheapest house insurance quote as against monthly payments. A major reason for this is the cost an insurer incurs by sending you 12 bills instead of just one yearly.
The cost increases if you add the fact that they pay transaction fees for processing each check you give them monthly as payment. Twelve checks mean 12 transactions and will draw 12 separate fees.. These and other costs so incurred by your insurance company are ultimately borne by you, the policy holder.
You will get reasonable savings if you choose to pay yearly. What you will save could be as much as 8.5% of your total monthly payments over the course of just a year.
