Can you explain what a car insurance installment fee is?
I want to avoid any extra fees and keep my car insurance bill low. Is an installment fee optional?
Answer provided by
Answered on May 06, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“The best way to avoid an installment fee and find extra savings on car insurance is to make your premium payment in full at the beginning of the policy.
While the paid-in-full discounts offered by most carriers are substantial, most of us can’t afford this option.
Check with your carrier to see if there is a price difference between paying by mail or enrolling in their automatic payment plan. Paying by mail tends to have the highest service fee attached to it, while enrolling in electronic funds transfer (EFT) payments can be free.
If you are unhappy with your carrier’s payment plan options, give Jerry a try. Jerry will shop with over 40 carriers to find you the best rates, and all the payment plan options for each carrier will be listed in the app. “
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
If I have full coverage, will it pay for my medical bills in Louisiana?
What type of insurance will cover my own medical costs? I have what's considered full insurance coverage through Progressive, but I'm wondering if it will help my pay for my own medical bills if I get in an accident.
Jul 01, 2021
How much does State Farm rental car insurance cost?
How much would rental insurance cost if I add it to my insurance policy? I need to rent a car while my personal vehicle is being repaired.
Jul 26, 2021