+11 Is Car Insurance Paid Monthly Or Yearly Ideas. Paying for your car insurance upfront in one lump sum a year may have its own benefits, such as not having to budget for ongoing payments for the rest of the year, and. This means you'll pay twice a year, at the beginning of each new term.
Monthly payments eliminate the practice of saving up enough money. Some car insurance companies offer a discount if you pay your auto insurance premium in full instead of in monthly installments. Paying a deposit for monthly car insurance payments.