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.