Electing to pay your premiums monthly leads to more expensive Philadelphia free insurance quotes than you would spend if you choose to pay yearly. This is because posting 12 bills by mail each month costs your insurance company a lot.
The cost shoots up if you include the fact that they pay transaction fees for processing each check you give them monthly as payment. They pay transaction charges 12 times instead of once a year for monthly premiums. These and other costs so incurred by your insurer are ultimately paid by you, the policy holder..
So, you will attract cheaper premiums if you opt to pay your rates anually. You could save up to a month’s premium within a year.
