Dodging the Monthly Service Charge
There are many options available to help customers save on auto insurance. Some of these options do not have any affect your coverages at all.
One of the easiest ways of reducing the premium on your auto insurance is to go paperless. Many insurance companies offer discounts to customers who take the option of foregoing a monthly paper bill. This is as easy as going to the company’s website and registering your information such as email address and/or bank account information. You will then receive an email notice that the premium is due. The payment can be paid either online or in your local insurance company’s office.
For those who do opt for a paper bill, there are still options available to reduce your payments. Look into what the insurance company’s monthly service charge is just for mailing you a bill. Sometimes, this can turn out to be a high amount if you have a substandard policy. You can eliminate or lower this fee in a couple of ways.
One option is to consider paying your entire premium upfront, eliminating a service charge altogether. This also reduces any chance of forgetting to pay the bill and incurring a late payment fee. With this method, you are paying your premium and nothing else.
Another option to consider is to have your payment automatically withdrawn from your bank account. Making a payment in this way can help save money as most insurance companies offer a slight discount for enrolling in this service. It also ensures timely bill payment and no fees evolving from late payments. Always remember to notify your insurance company if you close the account or if you have limited funds. Failure to do this results in an insufficient funds notice, costing you more money due to the associated fees.