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
Shannon Martin
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. “

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