Paying Monthly vs. Yearly for Insurance Explained! | Car Insurance 101

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There's a common perception that paying for your car insurance monthly is the cheaper option. But is this true? Dom from Jerry has the answer.
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“It has better pricing than going directly to the Insurance Company. I have used Jerry for two policies now.” — Dave M.

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When you buy car insurance, most carriers will give you multiple options for how to pay for your policy — monthly, every six months, or paying for an entire year.

Paying monthly may seem like the cheaper option upfront, but it's almost always the most expensive way to pay for car insurance!

Even though it's more money upfront, you'll save money if you can pay for the year or for half a year when you buy car insurance. Those longer-term policies usually come out to be cheaper than paying a monthly rate for the same amount of time. That's because you'll avoid fees that come with the payments.

Some drivers think they should pay for their policy monthly to make it easier to switch. But I have good news — Jerry will not only help you switch car insurance, we'll also get you a refund for whatever time remains from your previous policy. So go ahead and pay for the longer term!