What is flexible car insurance?
Flexible car insurance simply means that the policy comes with multiple premium payment options. Flexible auto insurance can be paid online or by check every month, every six months, or annually. Back in the day, car insurance only came with annual premiums. Now, flexible car insurance gives drivers more freedom over how they pay for car insurance.
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Brad Larsen
Licensed Auto Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Auto Insurance Agent
UPDATED: Mar 22, 2024
It’s all about you. We want to help you make the right cheap car insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.
UPDATED: Mar 22, 2024
It’s all about you. We want to help you make the right cheap car insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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- Car insurance is sold in fixed terms of usually six months
- Some companies do allow customers to create an entirely custom policy
- The term “flexible car insurance” today is not being used to describe custom auto insurance policies
Flexible car insurance is gaining popularity in the advertising campaigns of car insurance companies. However, the whole concept of flexible car insurance is not anything new.
Car insurance companies have always tried to introduce new products to the marketplace or package what they already have and call it something new.
The term “flexible car insurance” today is not being used to describe custom auto insurance policies.
You have the liberty of customizing policy details but rather spin on the payment options associated with your car insurance premium bill.
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What are my flexible payment options?
The use of the term will depend on which car insurance company you discuss policy coverage with but for the most part flexible car insurance refers to policies with multiple premium payment options.
Paying your car insurance premiums in full can often save you 15 percent or more!
Car insurance is sold in fixed terms of usually six months. While some insurers offer 12-month policies, it’s generally scarce so over 90 percent of drivers purchase or renews a system every six months. (For more information, read our “12-Month Car Insurance Policies: Which Car Insurance Companies Offer 12-Month Auto Insurance Quotes?“).
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Are my payments flexible?
Car insurance companies have no obligation to provide payment plans and can very well demand a policy be paid in full before coverage is considered.
Some of the “flexible car insurance” plans advertised around will include payment options such as:
- Minimum down payment and six even monthly payments
- Biweekly payments
- Pay in full policy discount
- Credit card or automatic ACH debit withdrawal
There are only so many options to pay any bill due in full over a six month period so do not be surprised if these glamorous “flexible car insurance” plans have nothing different to offer than your current one.
What is the best payment option for car insurance?
The best way to pay your car insurance policy is in full at the time its issued since the discount can be substantial, however, if that’s not possible then almost any other option has equal advantages and disadvantages.
What you should pay attention to is any service fees attached to installment plans and make sure you always have money to spend as you certainly don’t want to experience a lapse in car insurance coverage.
Enter your zip code below to get FREE car insurance quotes today!
Compare quotes from the top car insurance companies and save
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Brad Larsen
Licensed Auto Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.