Setting up automatic payments may seem like a good idea, especially when it saves you money. But you should also consider that this means that your money will be gone as soon as you reach a certain day on the calendar. Only set up autopay if you think you can make these payments each month without worry. Besides the discount, auto payments can also help you avoid forgetting to pay each month. This can help improve your credit score. It can also improve your insurance rates over time. Many insurers will reward you for being a loyal customer who pays on time. These positives might make it worth it to set up autopay.