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Author: YNBigFool One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308883  
Subject: Car Insurance payments Date: 1/21/2001 4:07 PM
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Hi all,
Over the last couple of days I noticed some discussions about car insurance payments, in particular about paying them monthly rather than annually.

I would like to make two suggestions that made my life easier and my checking account heavier:
1. Before you re-new your policy, check first for offers from other insurance companies. Nowadays you can find insurance marketplaces over the internet that collect your information and find for you the lowest possible quote (from the insurance companies they work with). Gomez has even got a scoreboard for these marketplaces. I saved 50% of my annual premium, and managed to get better coverage at the same time.

2. The insurance company I chose allows me to directly bill my MONTHLY premium to my credit card, and they don't charge a cent for this service. While this is not optimal for everyone, it works for me as I pay my CC bill monthly, accrue miles and strengthen my credit history at the same time. I personally prefer this to them debiting my checking account directly, for reasons that were mentioned on this board previously.

Thanks for reading, and I hope this information might help someone out there.

YN
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