Can I get a cheaper Michigan SR22 insurance premium if I pay my premium up front rather than month by month?
Yes, normally insurance companies will give you a cheaper rate if you opt to pay your premium up front. Usually this is either a 6 month or 1 year premium. If you can afford to pay that much money up front, then I would say go for it, but if you can’t afford it, I wouldn’t sweat it. You really don’t save that much money by paying your premium all at once.
Another option you have to save on your SR22 insurance each month is to have your insurance company automatically debit your payment straight out of your bank account each month. Some insurance companies will give you a slight discount if they know that they are going to be paid on time each month from an automatic debit. It is up to you how you pay your SR22 premium, but no matter what you decide, make sure you always pay on time and never let your policy lapse.
Recent Comments