People who struggle financially may search for cheap auto insurance in Illinois that covers their needs while still being affordable. Discussing options with an independent insurance agent is advantageous for comparing rates for similar coverage. If the person knows that paying the full premium twice a year will be a hardship, choosing companies that offer installment plans is important.
Convenience Fee Considerations
Any option besides paying the entire six-month premium at one time typically has convenience fees. However, these fees can be very low. Even though there is a small extra cost, it’s a smart choice for people living paycheck to paycheck. Those looking for cheap auto insurance in Illinois will want to talk about this with the agent.
Preventing Coverage Lapses
If they cannot pay the full premium at renewal time, the policy lapses, and they lose their coverage. This also leaves a lapse on record. The company may refuse to approve an application after the policy is not renewed due to nonpayment. Other companies also may view this negatively and reject the person’s applications.
Monthly Payment Methods
For some men and women, making monthly installment payments is the best option. The most affordable method is allowing automatic deductions from a debit card or checking account. Other options have higher convenience fees. These include paying at the agency, paying with a debit card by phone or online, or mailing a check.
Contact Accurate Auto Insurance for more details regarding auto insurance.
