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.
