I paid our car insurance for the year in a single payment. It was $579.
This is the third year I've been able to pay it in a single payment using savings. Boy, is it a good feeling.
It's nice that it saves me a little time because I don't have to make the monthly payments. But, I do it because it saves us money.
The insurance company charges a $7/month billing fee. They split the bill into 11 payments, so we save $77 dollars for the year by paying all at once.
I can't think of another bill where we could save by paying all at once.
Do you have any bills that save you money by paying all at once?
Auto Insurance Paid for the Year
January 3rd, 2015 at 11:14 pm
January 3rd, 2015 at 11:21 pm 1420327281
January 3rd, 2015 at 11:23 pm 1420327383
I don't think Geico offers a 1x per year option, otherwise I'd go for that.
January 4th, 2015 at 12:42 am 1420332130
It's worth the time it take to call your agent to ask the cost for an annual premium to compare with how much you pay monthly times 12. A lot of people operate a free, linked to chequing savings account and automatically transfer the appropriate sum 26 times a year of paid bi weekly or 24 times if paid 1st & 15th. Those of us paid month transfer each pay for all those intermittent bills.
January 4th, 2015 at 06:41 am 1420353714
January 4th, 2015 at 10:19 pm 1420409977