Monthly Car Insurance Information

Monthly Car Insurance Information

Times are tough these days, with the economy going through tremendous valleys and upheaval, and finances tight across the board. All over the world people are learning to make do with less, at least temporarily until the economy rights itself. For adults in America, though, there is at least one expense that really is not going anywhere any time soon - an expense it is nearly impossible to get rid of entirely - car insurance.

Most of the time people pay their insurance premiums every 6 months, but increasingly many providers are allowing their customers to pay for monthly car insurance. This may seem illogical - why would you want to pay more often if money is tight? It makes sense, however, given a few particular characteristics.

Almost every working (and temporarily unemployed) American needs to be able to drive. Besides being a right of passage and symbol of freedom, it is necessary to be able to get around to and from work, the store, or out with friends. In every state in the US, drivers need to have an active auto insurance policy in order to be legally allowed to drive. If you do not have one, if you get pulled over, the police will issue you a hefty fine, if not an arrest warrant.

Pay monthly car insurance makes sense when it is difficult to save for 6 months to make a payment all at once, and you would rather make more frequent smaller payments. It is often much easier to budget a $100 expense each month than $500-600 every 6 months. Over the life of the policy you will likely end up paying a bit more for insurance, but if it means the difference between driving without insurance and having the peace of mind to go about your business freely, the additional expense is worth it.