For a lot of us, the cost of car insurance can seem daunting. Some prefer paying monthly as it is the only way they can afford the premiums spread out over the year, and some prefer to pay up front as it is cheaper. But you might be wondering how paying up front can affect your overall finances.
In this post, we take a look at some reasons why monthly car insurance is actually a good option.
Spread the Cost
The biggest advantage of paying car insurance monthly is that you spread the cost. This could be especially useful if you are paying hefty premiums. Monthly payments can be much more manageable, allowing you to budget month to month.
If paying for car insurance upfront will eat up all your savings, leaving nothing in the bank account, it would be wise to consider monthly car insurance. This allows a little cushion should you need the cash in the next 12 months.
Peace of Mind
At the end of the day, the question isn’t whether you should consider paying monthly. The question is whether you can afford the alternative. If you cannot comfortably afford to pay upfront without it affecting your finances, paying monthly is a great choice.
By opting for monthly car insurance Ireland, you are gifting yourself complete peace of mind knowing that you can sail through comfortably whilst managing your finances realistically.
Insurance Becomes Accessible
Accessibility is another huge benefit of monthly payments.
Not everyone can afford to pay the premium upfront. By spreading the cost over a period of 12 months, insurance can become far more accessible to everyone.
For most people, the pleasure of being able to drive far exceeds the slight increased cost of paying over 12 months.
Talk to Britton Insurance
Whether you’ve made your mind about paying monthly or you are ready to pay upfront, be sure to get quotes from multiple insurers. Here at Britton Insurance, we will compare quotes from multiple insurers to help you find the best car insurance deal available to us for your particular requirements.
Whether you are a first-time car buyer, have a tight budget or have specific requirements, we will take the time to understand your requirements before suggesting any option. Simply share some essential information and we will take care of all the legwork. You won’t have to lift a finger! Contact us today!