The short answer
Pay-in-full discount is 5–12% at most US auto and home carriers. Monthly installment fees ($3–$10 per installment) plus lost discount usually add $50–$120/year. EFT (bank draft) is cheaper than credit card at many carriers. If cash flow is tight, at least switch from paper billing to EFT.
Frequently asked
- Does paying with a rewards credit card offset the fee?
- Rarely — the fee is often 2–3% higher than typical rewards.
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