Commercial Insurance Payment Methods and Plans

Payment Options — Pay Your Premiums When And How You Like

At GEICO, we work hard to keep your premiums low. We work just as hard to make paying your premiums easy. Choose from a variety of payment plans — make a one-time payment or pay in installments. You can also choose your method of payment.

Payment Plans — Pay When You Like

One Payment For The Full Premium

Save money — as much as $4 a month — by making just one payment for the full premium. We'll bill you for the full amount of your premium a few weeks before your renewal date. This one-payment option is our most economical plan. You don't pay any installment service fees.

Choose An Installment Plan to Suit Your Budget

Four Payment Plan

Installments of 25% of the premium are due on the policy effective date and 2, 4, and 6 months after the policy effective date.

Six Payment Plan

The first payment of 25% of the premium is due on the policy effective date. Payments of 15% of the premium are due 2, 4, 6, 8, and 10 months after the policy effective date.

Nine Payment Plan

The first payment of 17.60% of the premium is due on the policy effective date. Payments of 10.30% of the premium are due 2, 4, 6, 8, and 10 months after the policy effective date.

Monthly Payment Plan

New Business: The first payment of 12.50% of the premium is due on the policy effective date. Payments of 8.75% of the premium are due in months 1-10 after the policy effective date.

Renewals: The first payment of 8.33% of the premium is due one month prior to the effective date of the renewal policy. A payment of 8.33% of the premium is due on the effective date of the renewal policy. Payments of 8.33% of the premium are due in months 1-10 after the effective date of the renewal policy.

Payment Methods

We accept checks, credit cards, money grams and western union. Checks and credit cards are accepted online.

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