May an insurance company request a down payment in advance when I purchase or renew an auto insurance policy? And is it possible to pay my monthly premium?
Your insurance company may request up to a 30 percent down payment of the annual premium prior to the renewal or issuance of your policy. Many companies offer an installment payment plan for the balance of the premium. You should check with your agent or company to see what options are available to you.
Related Questions
- MAY AN INSURANCE COMPANY REQUEST A DOWN PAYMENT IN ADVANCE WHEN I PURCHASE OR RENEW AN AUTO INSURANCE POLICY? AND IS IT POSSIBLE TO PAY MY PREMIUM MONTHLY?
- May an insurance company request a prepayment when I purchase or renew an auto insurance policy? And, is it possible to pay my premium on a monthly basis?
- May an insurance company request a down payment in advance when I purchase or renew an auto insurance policy?