Want to save a bit of money on your auto insurance premium? Think about paying the entire premium up front instead of paying in installments. Auto insurance companies often charge a flat "administration fee" when you decide to pay in installments. This fee is charged every time you make a payment.
Whether or not you should pay your auto insurance premium over time obviously depends on your financial situation. Also, consider the size of your premium. The greater the auto insurance premium, the smaller the percentage you would pay in fees if you choose to pay over time. If you can get a greater return on your investment by putting your money elsewhere (and not paying your auto insurance premium up-front) then by all means choose that option.
Either way, make sure you shop around for auto insurance quotes and ask about applicable discounts to begin saving on your auto insurance. When getting auto insurance quotes also ask them if they charge an administration fee for paying your premium in installments.
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