Why does my insurance cost more to pay in a lump sum than monthly?
It shouldn’t. One of the generally accepted truths about paying for car insurance is that lump sum payments can save you money on car insurance. The first thing you should do is check your math and make sure you have the numbers correct. If the numbers work out that way, then you should contact your insurance agent. Point out the difference and ask if there is some sort of error in the numbers they’ve given you. It would be very unusual for an insurance company to bill you less for making monthly payments. If they aren’t willing to charge less then you might want to shop around and see what else is being offered.
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