I paid my auto policy in full today. I wanted to know when will it ask me to make payments again. Is it annually?

  • by Special Agent Fun Goose
  • Feb 10,2019
  • 11 answers

I paid my auto policy in full today. I wanted to know when will it ask me to make payments again. Is it annually?


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Insurance Answers (11)

Cecelia 3 months ago

Call your insurance co and ask them. If you paid a full year, you should receive another bill in the month prior to its expiration date. Same thing if you paid 6 months. I used to pay it by the year, but when I bought my last vehicle, I set it up on monthly payments.

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zipper 3 months ago

Some states demand insurance cover for a year, other states only requiter 6 months at a time. So it all depends on what state you live in. Hope this is some kind of help.

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Casey Y 3 months ago

Read your policy...but you are only paid up for 6 months...

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lucy 3 months ago

Normally when you pay the policy in full, then will get a discount. With monthly payments, cost more, plus they add fees for billing you monthly.
Now when you got the policy, then on the front page is a declarations which will show the (total) cost of the policy for 1 year. My guess with 2 payments of $180 each (x 12 months = $2,160) and you paying the balance of $700 is for (6 months) thus would be billed around May/June for the next 6 months.
All policies are written for 12 months, but depending how you pay, either annually (1 time), or semi annually (2 times per year) or quarterly, every 3 months or monthly.

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B 3 months ago

call the customer service number on your invoice and ask them

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Erik 3 months ago

The full term is usually six months. It should say on your bill, or on the little card they give you. If you can't figure it out, call your insurance company.

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Captain Matticus, LandPir 3 months ago

It should have told you when your next payment will be due. Talk to your insurance agent or look your policy up online to check.

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DR + Mrs Bears face 3 months ago

If you have made 2 payments then you have 10 payments left. 10 X 180 is 1800, nowhere near 700. I doubt if paying up front would give that big a discount. Read the paperwork or ask your insurance company.

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real estate guy 3 months ago

read your bill. It will give you the period that you are covered. Or call them.

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DEBS 3 months ago

Could be anything. Log into your account and find out.

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BullRooster 3 months ago

Look at the last policy, it will say when it ran through. Its probably a yearly policy or 6 months but can't say how far into the period your policy already was.

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