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Home Insurance Quote: More Expensive Premiums Than You’d Pay If You Choose To Pay Yearly
December 18th, 2009 by admin
Choosing to pay your rates on a monthly basis attracts a more expensive home insurance quote than you would attract if you choose to pay yearly. This is because posting 12 bills by mail each month costs your insurer much.
The cost shoots up if you include the fact that they pay transaction fees for processing each check you give them monthly as payment. 12 checks mean 12 transactions which attract 12 separate transaction charges. These and other charges so incurred by your insurance company are ultimately paid by you, the insured..
Therefore choose yearly payments instead if you want to make savings through this means. You could save up to a month’s premium in just a single year.