Motor Vehicle Insurance
Installment Plans by Insurer
Insurer *No. of Installments 1EFT Plan 3
(Yes or No)
Down Payment
Allstate Insurance Company
 
10 (EFT 10)
 
Yes15% for New Business and 10% for Renewal Business
 
American Automobile Insurance Company2, 4, 5, 6, 9, 11, 12Yes2 pay 50%, 4 pay 25%, 5 pay 33.30%, 6 pay 16.70%, 9 pay 30%, 11 pay 16.70%, 12 pay 8.30 (Options vary depending on length of policy and whether it is new or renewal business.)
American Modern Home Insurance Company - Motorcycle2, 4, 8, 10, 12Yes2 pay 50%, 4 pay 25%, 8 pay 25%, 10 pay 16.30%, 12 pay 8.30
Amica Mutual Insurance Company4, 10, monthly, 20, 10, 12 pension deductionYes4 pay 25%, 10 pay 10% or 20% if no existing inforce auto policy, monthly 1/12th or 1/6th if no existing inforce auto policy
Arbella Mutual Insurance Company11Yes10% New Business, 10% Renewal Business
 
Bankers Standard Insurance Company2, 4, 10
 
Yes
 
N/A
 
Citizens Insurance Company of America
 
4, 10 and monthly (EFT available under all payment options)
 
Yes
 
10 pay or monthly 20%, 4 pay 25%  (EFT monthly - one month)
 
Commerce Insurance Company11, 12 (EFT up to 12)YesNew Business 20% (EFT New Business 8%), New Group Business 20%, and Renewal Business/Book Transfer 10% (EFT Renewal Business 8.33%)
 
Electric Insurance Company3, 5, 8 & 12(EFT 12)Yes3 pay 30%, 5 pay 20%, 8 pay 25%, 12 pay 12.5% or 25% (EFT 12 pay 8.3%), semi-annual 50%, quarterly 25%, payroll deduct - 0%
Encompass Insurance Company of MA10 (EFT 10 6)Yes20% New Business/20% Renewal Business (EFT 10%)
Esurance Insurance Company5 New Business or 6 Renewal Business (6 month policies), 11 New Business, 12 Renewal BusinessYes20% or 30% for New Business / 20% for Renewal Business 16.666% (6 month policies), 16.7% for New Business / 8.33% for Renewal Business (12 month policies)
Farm Family Casualty Insurance Company2, 4, (EFT 12)Yes2 pay  25% or 50%, 4 pay 25% EFT 12 pay 8.34%
Government Employees Insurance Company (GEICO)/ GEICO General Insurance Company
 
2, 3, 4, 5, 6, 9, monthly or semi monthly (EFT only)
 
Yes2 pay 50% (6 month policies), 3 pay 40% ( 6 month policies), 4 pay 25%, 5 pay New Business 25% or 33.3%, 6 pay Renewal Business or Autopay Business 16.66%, 25% (12 month policies), 9 pay 17.6% (12 month policies), monthly pay 12.5% New Business (11 pay) or 8.33% Renewal Business (12 pay), semi monthly 1/12th
 
GEICO Indemnity Insurance Company - Motorcycle4, 6, 9, 11, 12 (EFT only)Yes4, 6 pay 25%, 9 pay 17.6%, 11 12.5%, 12 pay 8.33%
Green Mountain Insurance Company, Inc.2, 4, 9 or 12YesN/A
Harleysville Mutual Insurance Company 9
 
2, 4, 9 (EFT 2, 4, 9, 12)
 
Yes2 Pay 50%, 4 Pay 25%, 9 Pay 15%, (EFT - 12 Pay 1/12th)
 
Hanover Insurance Company - motorcycle
 
4, 10 and monthly (EFT available under all payment options)
 
Yes
 
10 pay or monthly 20%, 4 pay 25% (EFT monthly - one month)
 
IDS Property Casualty Insurance Company
 
2, 11 (EFT 11)
 
YesInitial payment of 11th of premum
 
Liberty Mutual Insurance Company4, 5, 11 (EFT 12)Yes11 pay New Business Non Group 20% or 12% New Group Business/Renewal Business, 5 pay New Business 30% or 20% New Group Business/Renewal Business, 4 pay 25% New Group Business/Renewal Business (EFT Non Group New Business 30%, New Group Business 8%, Renewal Business 8.33%)
 
LM General Insurance Company4, 5, 11 (EFT 12)Yes11 pay New Business Non Group 20% or 12% New Group Business/Renewal Business, 5 pay New Business 30% or 20% New Group Business/Renewal Business, 4 pay 25% New Group Business/Renewal Business (EFT Non Group New Business 30%, New Group Business 8%, Renewal Business 8.33%)
Massachusetts Homeland Insurance Company 410 (EFT 12)YesNew Business 10 pay 30% Renewal Business 10 pay 20%
Metropolitan Property and Casualty Insurance Company9, flexible monthly payments 4-11 monthly payments, 12 (EFT 12)Yes9 pay 25%, Flexible pay 20% for new business remainder over 3-10 months
NGM Insurance Company/Main St America Assurance Company10YesNew Business 9 pay 20% Renewal Business 12 pay 1/12th of Annual Premium
Norfolk & Dedham Mutual Fire Insurance Company4 &10Yes4 pay 25%, 10 pay 20% or 10% EFT
Occidental Fire & Casualty Company of North Carolina
 
Annual Policies 11, 12, Semiannual Policies 5, 6
 
N/A
 
Annual Policies 12 pay 9.0% downpayment,11 pay 10.5% downpayment, Semiannual Policies 5 pay 20.0% downpayment, 6 pay 17.0 % downpayment

 
Peerless Insurance Company4 & 10
 
Yes
 
4 pay 25%, 10 pay 15% (EFT 4 pay 25%, 12 pay 8.33%)
 
Plymouth Rock Assurance Corporation4, 8, 10 (EFT 12)Yes4 pay 25%, 8 pay 25%, 10 pay 20% New Business, 10% Renewal Business or PRAC company agent quote/book of business (excludes MAIP business), (EFT New Business 20%, Renewal Business 10%)
 
Preferred Mutual Insurance Company2, 3, 4, 5, 6, 7, 8, 9, 10
 
Yes2 pay 50%, 3 pay 30%, 4 pay 25%, 5 pay 20%, 6 pay 15%, 8 pay 10%, 9 pay 9.375%, 10 pay 10%
 
Privilege Underwriters Reciprocal Exchange4No 
Progressive Casualty Insurance Company - motorcycle and recreational vehicles
 
5 pay 20.0%, 25.0%, 27.5%, 30.0%, 6 pay 16.7% (includes EFT)
 
Yes5 pay, 6 pay (includes EFT)
 
Progressive Direct Insurance Company 75 pay 20.0%, 25.0%, 27.5%, 30.0%, 6 pay 16.7% (includes EFT)
 
Yes5 pay, 6 pay (includes EFT)
 
The Premier Insurance Company of Massachusetts9 (EFT monthly)
 
Yes20% (EFT 0%)
 
Quincy Mutual Fire Insurance Company2, 4, 9 (12 EFT )Yes2 pay 50%, 4 pay 25% or 9 pay 20% (EFT 1/12th of the premium on renewals)
Safeco Insurance Company of America2, 4, monthly (EFT 2, 4, monthly)Yes2 pay 50%, 4, pay 25%, (EFT none, 1 or 2 months, 10%, 20%, 25% depending on circumstances)
Safety Insurance Company/Safety Indemnity Insurance Company10 (EFT 9)Yes20% New Business / 10% Renewals (EFT 20% New Business/0% Renewal Business)
 
State Farm Mutual Automobile Insurance Company3No30%
United General Indemnity/Garrison Property and Casualty Insurance Company89, 11Yesup to 30%
United Services Automobile Association/USAA Casualty Insurance Company 8New Business 10, 12 or Renewal Business 9, 12
 
Yes30 days of premium for New Business
Vermont Mutual Insurance Company
 
2, 4 or 9 5 (EFT 12)
 
Yes(EFT 15%)
1The number of installments/payments includes downpayment.
3 Schedule includes payment by EFT (electronic funds transfer program).
4Massachusetts Homeland Insurance Company has a four payment plan with a 25% downpayment filed. The company indicates the four payment plan is not currently used.
5 For two or more policies 20% downpayment is required.
6 EFT bill plan is available to customers for which we write both auto and property insurance.
8 USAA coverage is only available to those who belong to USAA due to an affiliation with the armed services.
9 Available to monoline policies with an annual premium of at least $100 or account policies with a minimum of two personal line accounts
11 Offered to policyholders who insure both their home and mobile home or auto policy with Preferred Mutual Insurance Company.


*The Massachusetts Automobile Insurance Plan (MAIP) on or after April 1, 2009 has 10 payments with 25% downpayment for new business and 20% downpayment for renewal business.


Please note that you have the option to pay your bill in full in one payment to avoid paying any of the applicable installment fees. Reasonable efforts have been made to ensure that this information is accurate, it may not apply to your specific circumstances. You are urged to contact your producer (agent, broker) or insurer with specific questions concerning installment plans.