What payment schedule do you use for your car insurance?

@sedel1027 (17852)
United States
August 21, 2008 3:56pm CST
Right now we pay monthly on our insurance so we get no break in between bills. We are thinking about switching to what is called 4 Pay, where you make 4 equal payments and get a break for 2 months. The two months where we don't pay for insurance we can use the money to help pay off the debt that we incurred with him being out of work. What do you do and why do you pay you bill that way?
1 person likes this
7 responses
• United States
22 Aug 08
We pay ours monthly, but every now and then i swear im gonna switch it to every 6 months, but i need to have the chunk of money at once to do so, and just never can seem to swing it. My hubbys work is the kind where he can get laid off do to lack of work at any given day or week, so its tough having the money all at once, but also stinks if he gets laid off and we struggle to get the money for the next months payment, so thats when i wish i had it paid already.
@sedel1027 (17852)
• United States
22 Aug 08
Do you have other payment options. I would love to pay every 6 months, but we don't have that kind of money just laying around. I am thinking of changing it to the 4-pay plan, where you pay an even 25% for 4 months and then get 2 months off.
• United States
27 Aug 08
Our payment options are monthly, 6 months and i believe yearly.
@mcspocky (65)
• United States
23 Aug 08
Right now we are paying our car insurance monthly. Not because of preference, but because that is all we can afford right now.
@sedel1027 (17852)
• United States
26 Aug 08
I am going to try to switch ours around a bit. I think that even though we are paying a bit more every month that break in not paying will help us out a lot.
• United States
22 Aug 08
we had ours like that but the company changed it so we just renew it every 6 months i missed those free months.. it did help to where we could put the amount we would have paid on insurance and pay extra on a different bill
@sedel1027 (17852)
• United States
22 Aug 08
Aw. That's rough. This is only the 2nd insurance company I have been with since I started driving. I know the company I use to have made you pay every 6 months. Thankfully the state we live din had super low insurance rates.
@queenofarms (1665)
• United States
22 Aug 08
We pay our auto insurance monthly. Its so much easier then to come up with it all at once. It would be nice if we could pay it all though. We would save money if we could do it that way.
@sedel1027 (17852)
• United States
22 Aug 08
I think the company we are with charges a service fee when you pay monthly (like $4) but it is added into your bill so you don't think about it.
@jillhill (37383)
• United States
21 Aug 08
I pay mine every six months because I like having that break inbetween! I do think it might also be cheaper doing it that way.I pay mine every six months because I like having that break inbetween! I do think it might also be cheaper doing it that way.
@sedel1027 (17852)
• United States
22 Aug 08
I wish I could afford the payment every 6 months. I was doing that when I twas just my car on the policy. DH "new" car doubled our bill!
@tonytt2009 (1706)
• China
27 Aug 08
In my country,we do single payment for the car insurance when the policy is issued.
• United States
21 Aug 08
we cant afford car insurance. not at all. so we just go without. and wen we do we will try to get it. but i hope wen we do its not to expensive. we barly pay any other bills the ecomomy is low . so. yeah.