Here is an excerpt from a new blog post at GreggMarcus.com:
Many
individuals wonder if prepaying all or part of the auto insurance bill
can save you some money, the simple answer is yes. Especially if your
company gives a discount for this activity as most insurers do. You may
be wondering what it exactly means to prepay your bill and how to be
sure that your company offers this service. Prepaying your car insurance
is essentially self explanatory. You are to pay in advance all or part
of your premiums for a given period of time. Most commonly car insurance
is billed in six month premium installments. In this post, Long Island
Insurance Executive, Gregg S. Marcus explains thoroughly how you can save
money by simply prepaying all or part of your auto insurance premium.
The
auto insurance industry has come to the conclusion that a six month
time period is the prime amount of time that allows for two things to
occur. Initially they have far less work to do accounting wise which
makes the company eligible to cut overhead, being that premiums are paid
twice a year. And secondly, six months is a short enough time to sweep
the DMV’s records on a regular basis and adjust premiums whenever
appropriate.
To read this post in it’s entirety, click here to visit the Gregg Marcus official website.
