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Cheap Home Insurance: Electing To Pay Your Rates Monthly Results In Higher Rates
By admin | December 19, 2009
Electing to pay your rates monthly results in passing off cheap home insurance quotes that you’d get if you choose to pay annually. This is because sending you 12 payment notices by mail monthly costs your insurer much.
The cost shoots up if you include the fact that they pay transaction charges for processing each check you send them monthly. twelve checks are 12 transactions which attract 12 different transaction charges. And, believe it or not, these extra costs are ultimately added to your rates.
So, you’ll attract lower premiums if you decide to pay your premiums anually. What you’ll save could be as much as 8.5% of your total monthly premiums over the course of just a year.
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