Best Credit Cards for Insurance Payments (2024)

FAQs

Which credit card gives reward points on insurance payments? ›

Yes, you can generally pay for your car insurance with a credit card. Doing so may lead to benefits like cash back or other credit card perks. Due to the prevalence of insurance apps and e-commerce, paying for insurance with a credit card is commonplace.

Improves credit score: Paying insurance premiums with a credit card can help you build or improve your credit score. By using your credit card responsibly and paying off the balance in full and on time each month, you demonstrate to lenders that you are a responsible borrower.

You may be able to use a credit card to pay your deductible if your repair shop takes that form of payment. When you file a claim for comprehensive or collision coverage, your deductible is usually paid directly to the auto body shop before your insurance company will cover the remaining repair costs.

The customer can make payment for their underlying premium using credit cards physically at the insurance companies' branches or that of their distributors. The other option is to make payments through digital devices using online mode payments and adding the credit cards while making the final payments.

Are rewards credit cards worth it? In most cases, yes — as long as you're not carrying a balance (on which you will have to pay interest) and any annual fees charged by the card are less than the value of the rewards you earn each year.

What forms of payment does Progressive accept? Progressive accepts debit and credit cards and automatic payments through your checking or savings account. You can also mail a check or money order, use PayPal or set up an electronic funds transfer (EFT).

The short answer is no.

Online billing.

This gives you the option of paying any way you want each month. Use a credit card, debit card, checking or savings account. In addition to paper-free convenience, you also get 24/7 access when you sign up for MyAccount (Opens in a new tab) .

Whether it makes sense to pay in full depends on your budget. If a large payment would leave you cash strapped, paying monthly could be the better option.

Does Progressive take Amex? ›

For many, the American Express card is more than just a credit card; it's a symbol of financial flexibility and often comes with rewards and benefits. Progressive recognizes the significance of this major credit card and allows policyholders to use their American Express cards to pay their car insurance bills.

Having a My Sun Life Client Portal and Mobile App account lets you settle your premium dues online! Accepted Payments: > Credit card – Payment should be equal to the amount due. To process your payment, just head to the “Pay Now” section.

The fee is: $2.00 per installment for recurring automatic deduction (EFT) $5.00 per installment for recurring credit card or debit card $6.00 per installment for all other payment methods.

Paying for insurance with a credit card can help you build credit and let you access additional rewards like points or cashback. However, leaning on your credit card for insurance premiums can backfire if you let the balance accumulate. Credit cards have high interest rates that make it difficult to climb out of debt.

If your car loan lender allows it, you can make a car payment with a credit card. However, credit card purchases impose fees on the merchant, so many loan servicers accept only cash-backed payment methods, like a debit card, check, money order or a direct transfer from a checking or savings account.

You may be able to earn rewards like cash back, points or miles when you pay bills with a rewards credit card. Flexibility. However you choose to pay—online, over the phone or in person—you can generally use a card.

Insurance rewards refer to the incentives and benefits insurance companies offer policyholders to encourage positive behavior, enhance customer satisfaction, and foster long-term relationships. These rewards can take various forms, including cashback incentives, loyalty programs, discounts, and premium reductions.

Key takeaways

The merchant middlemen also indirectly pay for credit card rewards by paying interchange fees, typically 1 to 3 percent of each purchase that a consumer charges to their card. The best way to maximize your credit card rewards is to keep from paying fees and interest on your card altogether.

AAA Travel Advantage Visa Signature Credit Card

5% cash back on gas and electric vehicle-charging stations. ³. 3% cash back on travel, restaurants, grocery store and AAA purchases. ³. 1% cash back on all other purchases.