Tuesday, September 29, 2009

Fewer payments mean lower rates

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Rather than finance your insurance payment into six monthly installments, pay your 6-month premium all at once. When you choose the extended plan and divide up your payments, the insurance company adds what they call an “installment payment service fee.” It’s a small fee they add to your payment each month for their processing expenses, but you don’t get more coverage. Pay in full twice a year and those little monthly fees could add up to almost $100 in annual savings.



All the best,



Timben

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