Eostre is nearly here...

@zonavar68 Why did it work out more expensive to make regular small payments? We just set our rates up to pay Fortnightly payments direct debit from our bank account. No extra interest payments just the rates payment in smaller amounts.

@justanothername Because when you go into your login, and you pick 'pay monthly', you get told that it's going to be more than paying annually as one single payment. I reckon it's because the insurance systems automatically price in a higher 'risk rating' when electing to pay monthly instead of annually. All Australian home/contents and vehicle insurance mobs do it the same.

Pay by the month does actually have some problems because if you forget (or you direct debit payment fails because you don't have enough money in the bank account) you get a very small window before the insurance cover cancels due to non-payment of the monthly 'sub-premium'. This is a trap for low to middle income people who juggle big insurance payments using a monthly payment option.

@zonavar68 fair enough. Unfortunately insurance is not getting any cheaper any time soon. Increased Property damage from floods, hurricanes and other natural events means more insurance claims to insurance premiums have to increase to cover the payouts.