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Online Auto Insurance Advises Consumers on Monthly Payment Plans

Houston, TX, November 29, 2010 --( With government officials predicting an even longer recovery time for the U.S. economy and breathing room in family budgets becoming scarcer, some drivers might be considering the option of forgoing auto insurance coverage once their current policy periods expire. The lump-sum payment that may be waiting at the beginning of the new coverage period can seem daunting, but the repercussions of driving uninsured could be even more perilous. recommends a much sounder option.

Although most people do purchase and pay for auto coverage in three, six or 12 month chunks, a low down payment car insurance policy with a monthly billing plan can be found with relative ease. In fact, in some states, it’s the law.

In Texas, the state department of insurance (DOI) has a consumer bill of rights stating that policyholders actually are entitled to spread the cost of coverage throughout the policy period. Lone Star State policyholders who purchase a year’s worth of protection must be able pay for it in at least 10 equal installments; for those with six-month policies, they have the right to break the overall cost up into four equal portions. Further, the initial up-front cost cannot exceed the price of two months’ coverage.


How much the up-front cost will be, though, depends on the insurer and on which state the plan is issued in. While up-front costs in Texas cannot exceed the price of two months’ protection, up-front costs in Florida must be at least the price of two months’ protection. The rationale behind having a minimum amount is that legislators do not want drivers purchasing protection, using the proof of that protection to register a vehicle or some such action and then ditching the insurance.

Consumers looking for more resources on how to find affordable financial protection can go to where they will also be able to shop for an affordable plan by using the free quote-comparison generator.

Contact Information
Online Auto Insurance
Benjamin Zitney

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