Would it be easier on your checkbook if you paid $66 a month for car insurance instead of paying $400 at one time? Monthly car insurance in Oregon is a great way to conserve cash if your budget is tight and you need the funds for other expenses. When setting up month to month car insurance in Oregon there are a few important things to keep in mind so you don’t over pay for car insurance.
Do Everything Electronically to Save Money
Oregon car insurance companies like to charge processing fees if you elect to pay car insurance by the month. When paying for car insurance on a month to month basis it is good idea to have your statements mailed to you electronically. Another way to save money is by having your payments directly debited from your checking or savings accounts. This will cut down on your monthly processing fees and you likely will pay $1 or less per month. This savings will add up over the months, especially if you compare to fees by credit card or check where the charges can be as much as $5 a month.
Watch Out For Higher Down Payments
Most Oregon car insurance companies will require you to sign up for a minimum 6 month policy. Some companies will allow you pay the first months when signing up where other companies will ask for greater than 1 month as a down payment. In order to keep down payments to a minimum of 1 month it helps to directly pay from your bank account, maintain ongoing car insurance coverage as well keep driving violations to a minimum. Another important step is review car insurance companies that allow a smaller down payment. To learn more about the best Oregon car insurance companies.
Month to Month Oregon Saving Strategies
In order to capture additional savings on your month to month car insurance in Oregon there are other areas to save money on month to month premiums.
Focus on Miles Driven – Would you pay closer attention to the miles you drive if you can save $200-300 or more a year by driving less? In Oregon there are car insurance companies that will base you pricing on miles driven. By paying attention to mileage you can lower your premiums. For further information on usage based insurance in Oregon.
Combine Policies – A quick way to save money on your Oregon monthly premiums is by combining insurance policies. Do you have a life insurance, home insurance or more than one car? Grouping these policies together with one company is a good way to save 10% or more.
Learn more about month to month car insurance, such as the top monthly car insurance companies and additional savings strategies.
Is Monthly Oregon Auto Insurance Always Good?
When you are tight on cash paying for car insurance monthly in Oregon is a good strategy. If you are not on a strict budget it can save you money by electing to make a larger down payment or pay your policy at once. By paying your policy in one payment you can save 5-10%. Another benefit of paying at once is you don’t need to worry about missing a payment or incurring the processing fees of making a payment every month.