When we finalize a policy, one of the first questions I get is, “Can I pay monthly, or do I have to pay in bulk?”

It is a great question because budgets vary for everyone. The short answer is that you have options. Most carriers, including us, allow you to pay monthly, quarterly, every six months, or in full.

The “Paid in Full” Discount

However, I always like to be transparent about the costs. It is almost always cheaper if you pay in full. If you choose to pay monthly, there is typically a slight interest charge or fee structure involved.

On average, you might find that paying monthly is about 10% more expensive over the course of the term compared to paying it all up front.

Banking the Savings

Let’s look at a real example. If we quote a policy at $6,900 for the year, paying it in full might drop that down to around $6,500. That is $400 staying in your pocket rather than going to administrative fees.

I know writing a big check can hurt a little bit in the moment, but if you can swing it, that “paid in full” discount is one of the easiest ways to lower your annual costs immediately.

Whether you want to use a bank account or a credit card, we can set it up however you like. My job is to help you find the balance between cash flow and total savings.