Installment Payment Plans
10-10 Installment Plan: One Policy
- 10 monthly installments.
- $3.00 service charge per installment after the first
- Flexibility: You may pay in less than ten installments.
Example:
Policy Premium: $772.00 (effective February)
| Installment # | Due Date | Installment Amount | Service Charge | Minimum Amount Due |
| 1 | February | 77.00 | 0.00 | 77.00 |
| 2 | March | 77.00 | 3.00 | 80.00 |
| 3 | April | 77.00 | 3.00 | 80.00 |
| 4 | May | 77.00 | 3.00 | 80.00 |
| 5 | June | 77.00 | 3.00 | 80.00 |
| 6 | July | 77.00 | 3.00 | 80.00 |
| 7 | August | 77.00 | 3.00 | 80.00 |
| 8 | September | 77.00 | 3.00 | 80.00 |
| 9 | October | 77.00 | 3.00 | 80.00 |
| 10 | November | 79.00 | 3.00 | 82.00 |
| NOTE: INSTALLMENT PLAN AND SERVICE CHARGE MAY VARY BY STATE. | ||||
10-10 Installment Plan: Account Billing
- One statement for all your policies.
- 10 installments for each policy.
- $3.00 service charge per installment.
- Flexibility: You may pay more than the minimum amount due.
Example: Two Policies
Automobile - $712.00 (effective January) &
Homeowners - $458.00 (effective February)
| Due Date | Automobile | Homeowners | Service Charge | Minimum Amount Due |
| January | 71.00 | 0.00 | 71.00 | |
| February | 71.00 | 45.00 | 3.00 | 119.00 |
| March | 71.00 | 45.00 | 3.00 | 119.00 |
| April | 71.00 | 45.00 | 3.00 | 119.00 |
| May | 71.00 | 45.00 | 3.00 | 119.00 |
| June | 71.00 | 45.00 | 3.00 | 119.00 |
| July | 71.00 | 45.00 | 3.00 | 119.00 |
| August | 71.00 | 45.00 | 3.00 | 119.00 |
| September | 71.00 | 45.00 | 3.00 | 119.00 |
| October | 71.00 | 45.00 | 3.00 | 119.00 |
| November | 53.00 | 3.00 | 56.00 | |
| NOTE: SERVICE CHARGE MAY VARY BY STATE. | ||||
Texas Automobile Installment Plan
- 12 monthly installments.
- $3.00 service charge per installment.
- Flexibility: You may pay in less than twelve installments.
Example:
Policy Premium: $712.00 (effective February)
| Installment # | Due Date | Installment Amount | Service Charge | Minimum Amount Due |
| Renewal Prepayment | January | 59.00 | 0.00 | 59.00 |
| 1 | February | 59.00 | 0.00 | 59.00 |
| 2 | March | 59.00 | 3.00 | 62.00 |
| 3 | April | 59.00 | 3.00 | 62.00 |
| 4 | May | 59.00 | 3.00 | 62.00 |
| 5 | June | 59.00 | 3.00 | 62.00 |
| 6 | July | 59.00 | 3.00 | 62.00 |
| 7 | August | 59.00 | 3.00 | 62.00 |
| 8 | September | 59.00 | 3.00 | 62.00 |
| 9 | October | 59.00 | 3.00 | 62.00 |
| 10 | November | 59.00 | 3.00 | 62.00 |
| 11 | December | 63.00 | 3.00 | 66.00 |
