Payment Plan

Payment plan refers to the options available to you for paying your insurance.

Often the insurance companies' rates are so similar that you will choose one over another due to a "no charge" monthly payment plan, airmiles, credit card options or some other type of payment that suits your needs.

Often a salesman will use the fact that they have many payment plans in a way to make it appear like they are giving you something more. It only is more, if it is of value to you.