In addition to the coverage and benefits that insurers offer you for acquiring insurance for your vehicle, one aspect that you should consider quite carefully has to do with the payment you will make for the premium.
Today, competition in the insurance sector is very strong, which means that it is possible to find insurance of different prices, which adapt to the profile of each driver. So, the ideal is that you select the alternatives that not only offer you good protection, but are also within your budget.
As for the payment of the premium, these are four basic questions that will help you have better planning on this topic:
Is it possible to pay it in installments?
Most insurers offer the possibility of paying the premium in installments, they can be three, six and up to twelve installments, depending on the insurer. What you should keep in mind is that paying it in parts generates interest.
Can it be paid in dollars?
While some companies ask you to make the payment in the local currency, that is, soles, others do accept that you cancel the corresponding amount in the equivalent of dollars, according to the current exchange rate. If your income is in foreign currency, consult it.
Can I make the payment online?
Remember, in addition, that you can make payments in person, but many insurers have special platforms or allow you to make it through the online banking of many banks.
Finally, you should also ask about the ‘easy payment’ option, which allows you to deduct the corresponding amount from the debit or credit card, so you don’t have to worry about it.
How much time do I have to pay before the premium suspension?
The term may vary depending on the insurer. Normally, it takes 30 days of delay so the premium is suspended and in case you need to use the policy you will not be able to do it because you are not up to date on payments. Also, see what happens if you pay after the due date.
Do not forget, each insurer has its conditions, benefits and prices.