The definition of an auto insurance premium is that its is the payment owed by a policy holdder to the carrier for underwriting or providing coverage for the their vehicle. Often companies offer their customers a monthly payment option and or to pay the policy in full. Their may be an incentive to pay it all at once.
The car insurance news pick of the day comes from CNN.com. Its about the National Transportation Safety Board recommending a law to stop people from using cell phones in their cars. As expected some people will argue against this and states may also be reluctant to approve a blanket measure. Read on here. A thought on this story: using cell phones when operating a vehicle is not the best judgement call by drivers (it is a distraction that has caused fatalities) but is putting a blanket ban to prevent it really the solution? Let each state choose how they will deal with the issue but in general the punishment rendered for doing this should be tough. It seems that making it a violation that puts points on a license that would ultimately lead auto insurance companies to raise premiums could be a good deterent. Getting the police on board in enforcing this would also be key.