#111 Consider making annual or semiannual payments for insurance. Did you know that just by paying your insurance on a semiannual or annual basis that this could save you money on your premiums? This is true for auto, life and home insurance. For instance we have two cars insured and if we pay our auto insurance twice a year (semiannually) we save $79 as opposed to paying it every month. If you can afford to pay the full amount when your insurance is renewed, you can really save some money. I do know how tight some of our budgets are right now so this may not be an option for some, but if you are fortunate enough to be able to afford the full payment, why not take advantage of the savings?
2 comments:
This is true. I try to time my insurance premiums with my tax return to make sure that I have the cash available.
Thanks for the tip!
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