Auto insurance may be a necessary expense, but it doesn’t have to put a strain on your finances. If you’re shopping for a new insurance plan or taking a second look at your current policy, we have some good news! With different discounts and flexible payment options available, you can tailor your insurance policy to fit your specific needs and budget. Here are some steps to help you customize your car insurance payments.
Step 1: Review Your Personal Financial Schedule.
Don’t think you have a financial schedule? You probably do, even if you don’t realize it. Grab a calendar and mark when you get your paychecks and when your bills (gas, electric, water, internet, etc.) are due. Looking at your expenses and their due dates, do you see a time that may be more convenient for you to make your insurance payment? At Direct Auto, we know that it might be easier to make your payment at a certain time during the month, and we want to work with you around your other financial responsibilities.
Step 2: Choose How Often You Will Make Your Payment.
Select from several installment plans or choose to pay your whole premium upfront.* If you have the ability to pay for your policy in one lump sum, it might save you money and make budgeting more convenient. Paying for your policy in full will help you avoid any fees associated with setting up a payment plan and make missing monthly payments a non-factor. Without a monthly payment, you’ll also have the chance to allocate your money to other categories in your monthly budget. If you have a month with extra income or you get a bonus, paying in full is something to consider, but we realize that’s not an option for everyone. If you determine that the flexibility of monthly payments is more convenient for you, we’re here to help.
Step 3: Calculate How Much Your Monthly Payment Will Be.
If you decide to pay in installments, you’ll have to decide the amount you can afford for your down payment. This will, in turn, determine your monthly cost. The more money you put down, the lower your installment payments will be, but you have the flexibility to choose between paying more upfront or having higher installments.
Step 4: Decide How You Want to Pay.
Again, what is most convenient for you? We have multiple payment options to make paying for insurance easier. You can pay in person, online, over the phone, or via our app. You can also decide to pay with cash, card, or by linking your bank account. When you’re ready, we’ll help facilitate your auto insurance payment, your way.
Want to know more? Check out the infographic: How to Customize Your Auto Insurance Payments
*Payment plans are subject to terms and conditions and may not be available in all locations. Price may vary based on how you buy. Not all products, discounts, or pay plans are available in all states. Policies produced by Direct Auto Insurance for its National General Group affiliates, Winston-Salem, NC.