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Viefleur [7K]
3 years ago
15

Insurance why do you have to pay more per month instead of yearly

History
1 answer:
maxonik [38]3 years ago
4 0

Answer:

Instead of paying the entire premium annually, the premium is divided by 12, and that amount is due each month. Even with monthly fee, paying a monthly installment is a better option for some people. It allows you to spread the cost of premium out over time as most people budget their money on monthly basis.

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Source: https://getd.libs.uga.edu/pdfs/smith_hayden_r_201212_phd.pdf

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