One thing that many insurance consumers do not take in to consideration is that how they pay their insurance premium can affect how much they pay.

You may receive a "Paid in Full Discount," which can be a substantial savings, by paying the premium in full for the coverage term.

When making installment payments there is a service fee included, however the fee for electronic funds transfer "EFT" is typically much lower. Customers paying with a credit or debit card may be charged a processing fee.

Whichever method you choose, remember to pay your premium on or before the due date to avoid another fee – one for making a late payment.