Cheap Home Contents Insurance — Get Cheaper Rates; Elect To Pay Your Rates Annually And Not Every Month
You’ll get a cheap home contents insurance quote if you choose to pay your premiums yearly and not every month. An insurer sends 12 notices for monthly payments as against one for yearly payments. This costs them more.
If you include the fact that each check you cut is seen as a transaction by their bankers, you will see that they still pay extra on transaction fees for each check you pay in. They pay transaction fees 12 times instead of once anually for monthly payments. And, believe it or not, these extra costs are ultimately added to your rates.
You will get reasonable savings if you begin to pay yearly. The real amount you could save may differ but expect to save up to a month’s premium worth with most insurance companies if you settle for this option.