Whether you choose to pay for your car insurance on a monthly or annual basis will depend on your financial circumstances. If you can, it is cheaper to pay your premium upfront. This is because, if you pay monthly, you’ll end up paying interest on top.
However, there are potential benefits to paying monthly. It can be more manageable to pay month-by-month, even if it is not cheaper. And by regularly making these payments, you may be able to improve your credit score.