6. The “Automatic Payments” & “Paperless” Stack
These are small discounts, but they stack up.
- Paid-in-Full Discount: If you can afford to pay your 6-month premium in one lump sum rather than monthly, many insurers knock off 5-10% instantly. It eliminates their administrative fees.
- Paperless Discount: Opting for email statements instead of snail mail often saves another small percentage.
Action Step: If you have the savings, stop paying monthly. The “convenience fee” for monthly payments is basically a high-interest loan you are paying to the insurance company.
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