Policy Terms And Payment Options

policy-terms

An auto insurance policy is a contract that lasts for six months or a 12-month term. During this period, the insurance company must honor the rates given to a driver, even if there is an accident during this time. As long as you honor the contract and make payments on your account, an insurance company cannot terminate your coverage until your term ends.

If you do not pay your premium in full, you will need to make a down payment and finance the rest in monthly payments. Here is how it breaks down:

6-month policy

If you choose a 6-month policy, you will need to make a down payment and make four to five monthly payments.

Annual policy  

If you have an annual policy, you will need to make a down payment and make nine to 11 monthly payments.

Do you need more information about policy terms or need to make a payment. Our agents and customer service representatives are here to help. Call us today at 1-888-949-6289 or visit your nearest Insurance Navy location. For your convenience, Insurance Navy is open from 8 a.m. to 9 p.m. CST, 7 days a week.

*Please review your own payment contract for details on your payment options. Payment options vary by finance contracts.