Fit your car insurance payment into your monthly budget!
MAIF added several new payment plan options in late 2013 to make paying for your MAIF insurance policy easier.
Now MAIF customers can budget monthly payments through MAIF directly, avoiding the added costs associated with third party financing that many used to pay the annual premium in full as previously required.
MAIF offers several options, depending on your total coverage needs. The new plans require a down payment of 20-25% and clients can choose the installment option available at their premium level:
- Premiums under $3,000 per year: 25% down payment and 3 or 6 monthly installments, with the first payment due 60 days after the policy is established.
- Premiums over $3,000 per year: 20% down payment and 4 or 8 monthly installments with the first payment due 45 days after the policy is established.
MAIF still offers a discount for those who prefer to pay the annual premium in full.
Our experienced agents can answer your questions and explain these payment plan options in greater detail. Contact one of our convenient locations to speak with a representative and get your MAIF insurance policy established today!