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Pay car insurance: monthly or annually?
With motor insurance, it is customary to pay the premium annually in advance.
Alternatively, many car insurers also offer the option of paying in installments. A surcharge is often due for this.
New digital car insurers are waiving this surcharge (e.g. nexible).
If you choose to have your car insurance paid in installments, you can select your preferred payment method in the CHECK24 car comparison calculator.
You will find the selection field directly before the comparison result under the item "discounts".
- semi-annual payment
- quarterly payment
- monthly payment
Incidentally, around half of CHECK24 customers use installment payments in car insurance.
How much is the premium??
The amount of surcharge a car insurer charges depends on the payment method chosen and is extremely different. A maximum of around 20 percent is possible.
A CHECK24 survey shows the differences:
| Payment Options | lowest premium | highest premium |
|---|---|---|
| half-yearly | 1.75% | 7.83% |
| quarterly | 3.19% | 9.55% |
| per month | 5.31% | 9.79% |
, Workshop selection: free, zip. 14469
Example: If the annual premium for your car insurance costs a total of 500 euros, the monthly payment can increase the amount to around 660 euros.
Conclusion: It is therefore cheapest for you to pay car insurance annually!
In line with this topic
How to calculate contribution?
You should compare your car insurance once a year and have all tariffs recalculated online. These are the advantages.
What discounts are there??
Discounts will also make your car insurance cheaper! Here you will find the most important premium discounts for car insurers.
Specify driving performance
Important for car insurance: How many kilometers do you drive by car each year? This is how you correctly estimate your mileage.
This information is helpful?
Thank you for your feedback!
Thank you very much – we are pleased!
(If you have any questions or concerns regarding a personal case, please contact our customer advisors. They will be happy to help you on 089-24241212 between 8 a.m. and 10 p.m.)
Editor Sascha Rhode
Expert in car insurance and automotive developments in the car and motorcycle sector.
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