Get ffordable insurance quotes for all your policies: You'll pay cheaper rates if you choose to pay <br />your premiums annually and not monthly. This is <br />because sending you 12 bills by mail each month <br />costs your insurance company a lot. If you <br />include the fact that each check you send is seen <br />as a transaction by their bankers, you'll see that <br />they still pay extra on transaction fees for each <br />check you pay in. <br /> <br />Twelve checks mean twelve transactions and will <br />attract twelve different charges. These and other <br />costs so incurred by your insurer are ultimately <br />passed on to you, the policy holder. Therefore, <br />you'll attract cheaper rates if you opt to pay your <br />premiums annually. <br /> <br />The actual amount you could save may differ but <br />you may be able to save up to a month's premium <br />worth with some insurance companies if you choose <br />this option.