Summary: When paying for auto insurance, those that can pay their premiums annually will get a discount; however, there are monthly and quarterly payment options as well. Discuss payment options with a local agent to find the best deal with tips in this free video from a licensed insurance agent about automobile insurance information.
James Burrows owns the full-service insurance agency The Resurgence Group, which specializes in health insurance, property and casualty, annuities, life insurance and auto insurance....read more
"You are thinking about buying car insurance and the one thing that goes through your mind is hey can I afford this? My name is James with The Resurgence Group and we are a full service insurance agency and we specialize in auto insurance. There are many different plan options when it comes to purchasing auto insurance. What we suggest is that you sit down with your agent and tell them exactly what it is that you can afford as far as your budget, whether it be on a monthly, quarterly or annual plan. Insurance companies give you big discounts if you pay annually because they get to use your money that much quicker and sometimes it is an advantage to pay one lump sum but a lot of folks myself included, can't afford to pay one year in advance so what we do is we set it up on a monthly plan and we pay a little bit of a premium for that because it is convenient and I can still afford it so what I suggest is that you get with your agent and discuss the different plan options and go over how much money it is going to cost to have that luxury and pay it on a monthly basis rather than paying on a lump sum. I'm James with The Resurgence Group. We specialize in auto insurance and we try to set up a plan designed for each of our clients so that it fits their budget."