Is it a bad idea to pay monthly for auto insurance instead of in full?

No, it's not a bad idea to pay monthly auto insurance instead of in full. Monthly payments make it easier when you can't afford a sizeable lump-sum cost at the start of the auto insurance policy. You can save up to 45% on your insurance policy when you qualify for multiple car insurance discounts. Shop around and compare various companies to secure affordable monthly auto insurance rates instead of paying in full.

UPDATED: Sep 9, 2021Fact Checked

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Chris Tepedino

Insurance Feature Writer

Chris Tepedino is a feature writer that has written extensively about auto insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and Cinncinati.com. ...

Insurance Feature Writer

Rachael Brennan

Licensed Insurance Agent

Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

Licensed Insurance Agent

UPDATED: Sep 9, 2021

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