A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products, including home, life, auto, and commercial, and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, mainly in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers Insurance CSR 4 Years Leslie Kasperowicz

UPDATED: Apr 29, 2022

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It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.

Important Facts to Know

  • A fully paid-up policy is a car insurance policy that has been paid for upfront
  • Drivers can shop online to receive free car insurance quotes
  • Drivers can reduce their rates by adding applicable discounts to their policy

Everyone is looking for some bit of certainty to grasp onto these days, and when you buy fully paid-up car insurance, you can be certain that you’ll have the coverage you need for your entire policy period. A car insurance policy that has been paid in full requires you to make one large payment when you purchase your policy. However, after that, no more payments will need to be made to keep the policy in good standing.

Shopping for car insurance online can help you find affordable fully paid-up car insurance policies that not only fit your budget but can provide you with the coverage you need as well. Keep reading to learn how paying for your entire insurance policy can benefit you and how to get discounts on your car insurance.

You don’t have to put off finding fully paid-up insurance quotes. Enter your ZIP code to start comparing free quotes right away.

What is a paid-up insurance option?

Shopping online is incredibly convenient and can allow you to compare car insurance coverage from multiple companies at once, but do you know what an insurance company means when it says that it offers drivers a paid-up option and a discount along with it?

When a car insurance company provides fully paid-up car insurance policy discounts, it is asking drivers to pay for the entire policy period upfront instead of making smaller payments every month in exchange for a discount. It might seem ridiculous to pay for your insurance upfront but getting fully paid-up car insurance quotes could be highly beneficial for you in the long run.

Why Drivers Should Pay for Insurance Upfront

Paying for your entire policy period with one large payment, if you can afford it, can not only help you save money but can also keep your policy in good standing. For example, some people can get so caught up in the many other demands of their lives that they forget to make their insurance policy payments.

Now, most insurance companies offer a grace period before canceling a policy, but if you pay for your insurance policy in full, you won’t have to worry about making another payment for the rest of the policy period. In addition to the peace of mind that paying for your policy in full can bring, you could also get your money back.

That is to say that you could get a refund if you find a cheaper policy online. Since you’ve paid for a whole policy period, if you were to cancel your coverage in the middle of your policy, your insurance company would have to give you back whatever money hadn’t been utilized.

It is vital to remember that when you get money back from your policy you are not receiving paid-up additions, only a refund. What are paid-up additions? Paid-up additions actually have nothing to do with car insurance so you’ll only have to be concerned with them if you are considering buying a whole life insurance policy.

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How much does a fully paid-up insurance policy cost?

Fully paid-up car insurance rates from one policy to the next will never be mirror images of each other because insurance companies write up unique rates that match each unique individual applicant. When you apply for a quote online, you’ll notice that you need to share a lot of intimate details about yourself to help with an insurance company’s underwriting process. Your age, gender, and even marital status can have quite an impact on your rates.

While you won’t know your exact rate until you start requesting free quotes, you can look below to find the average rates people in your age bracket are typically offered by some of the biggest insurance companies in the business:

Average Monthly Rates for Car Insurance by Age and Gender

Insurance CompanyAverage Monthly Rates for a Single 17-Year-Old FemaleAverage Monthly Rates for a Single 17-Year-Old MaleAverage Monthly Rates for a Single 25-Year-Old FemaleAverage Monthly Rates for a Single 25-Year-Old MaleAverage Monthly Rates for a Married 35-Year-Old FemaleAverage Monthly Rates for a Married 35-Year-Old MaleAverage Monthly Rates for a Married 60-Year Old FemaleAverage Monthly Rates for a Married 60-Year-Old Male
USAA$400.63$448.80$165.71$177.18$129.29$128.36$120.82$120.75
GEICO$471.13$523.25$198.24$188.57$191.91$192.70$187.26$190.29
State Farm$496.16$610.36$194.66$212.88$173.48$173.48$156.16$156.16
American Family$499.71$677.54$190.72$224.56$183.56$185.36$166.08$167.87
Nationwide$479.70$597.94$223.87$240.75$196.71$198.95$177.52$184.55
Progressive$724.16$802.12$224.81$229.89$191.41$181.27$165.96$170.72
Farmers$710.16$762.00$245.57$253.45$213.08$213.15$194.73$204.03
Travelers$775.61$1,070.91$193.77$207.60$181.56$183.29$171.00$172.87
Allstate$773.52$886.88$285.41$297.58$263.01$260.25$242.78$249.22
Liberty Mutual$968.42$1,143.22$329.97$375.26$316.90$321.40$287.08$306.71

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If this data table has you worried about your chances of procuring a low-cost insurance policy, you’ll be happy to hear that there are plenty of steps you can take to make fully paid-up car insurance quotes much more affordable.

How can drivers reduce their car insurance rates?

One of the best ways to keep your rates low is to make sure that you practice safe driving techniques every time you operate your vehicle. While you can’t control what other drivers will do out on the road, you can certainly work to make the road a safer place to drive by slowing down when you see a yellow light, coming to a complete stop at stop signs, and getting out of harm’s way if an aggressive driver is barrelling down on you.

While taking safe driving seriously is an excellent way to keep your rates low, you should always set aside some time to review your policy, not only to make sure that it is up-to-date but also to check that every discount you qualify for has been added to it.

You might be shocked at just how much you can save when you take the time to do this. If you’re not convinced that discounts are worth the effort, just take a look at how much you can save when you qualify for certain discounts:

Car Insurance Discounts Available by Company

Discounts21st CenturyAAAAllstateAmerican FamilyAmeripriseAmicaCountry FinancialEsuranceFarmersGeicoLiberty MutualMetLifeNationwideProgressiveSafe AutoSafecoState FarmThe GeneralThe HanoverThe HartfordTravelersUSAA
Adaptive Cruise Controlxxxx
Adaptive Headlightsxxxxxxxx
Anti-lock Brakesxxxxxxxxxxxxxxxxxxxxxx
Anti-Theftxxxxxxxxxxxxxxxxxxxxxx
Claim Freexxxxxxxxxxxxxxxxxxxxxx
Continuous Coveragexxxxxxxxxxxxxxx
Daytime Running Lightsxxxxxxxxxxxxxxxxxx
Defensive Driverxxxxxxxxxxxxxxxxxxxxxx
Distant Studentxxxxxxxxxxxxxxx
Driver's Edxxxxxxxxxxxxxxxxxxxx
Driving Device/Appxxxxxxxxxxxxxx
Early Signingxxxxxxxxxxxxxx
Electronic Stability Controlxxxxxxxxx
Emergency Deploymentx
Engaged Couplex
Family Legacyxxxxxx
Family Planxxxxx
Farm Vehiclexxxx
Fast 5x
Federal Employeexxxx
Forward Collision Warningxxxxxxx
Full Paymentxxxxxxxxxxxxxxxxx
Further Educationxxxxxxxxx
Garaging/Storingxxxxxx
Good Creditxxxx
Good Studentxxxxxxxxxxxxxxxxxxxxxx
Green Vehiclexxxxxxx
Homeownerxxxxxxxxxxxxxxxxxx
Lane Departure Warningxxxx
Life Insurancexx
Low Mileagexxxxxxxxxxxxxxxxxxx
Loyaltyxxxxxxxxxxxx
Marriedxxxxxxxxxxxxxx
Membership/Groupxxxxxxxxxxx
Militaryxxxxxxxxxxx
Military Garagingx
Multiple Driversxx
Multiple Policiesxxxxxxxxxxxxxxxxxxxxx
Multiple Vehiclesxxxxxxxxxxxxxxxxxxxxx
New Addressx
New Customer/New Planxxx
New Graduatex
Newer Vehiclexxxxxxxxxxxxxxxx
Newly Licensedx
Newlywedsx
Non-Smoker/Non-Drinkerx
Occasional Operatorx
Occupationxxxxxxxxxxxx
On Time Paymentsxxxx
Online Shopperxx
Paperless Documentsxxxxxxxx
Paperless/Auto Billingxxxxxxxxxxxxxxxxx
Passive Restraintxxxxxxxxxxxxxxxxxxxxxx
Recent Retireesxx
Renterxxx
Roadside Assistancexx
Safe Driverxxxxxxxxxxxxxxxxxxx
Seat Belt Usex
Senior Driverxxxxxxxxx
Stable Residencexxxx
Students & Alumnixxxxxx
Switching Providerxxxxxxxxxxx
Utility Vehiclexxxx
Vehicle Recoveryxxxxxxxxxxxxxxxxxxxxx
VIN Etchingxxxxxxxxxx
Volunteerx
Young Driverxxxxxx

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As you can see, when you set aside some time in your busy schedule to review your policy, you could greatly reduce your car insurance rates and add some more padding to your bank account.

What You Need to Know About Fully Paid-Up Car Insurance

If you were to make one payment that would cover your entire policy period, your car insurance would be fully paid up, and you wouldn’t have to worry about making another payment during the entire policy period. You could even save some money as most insurance companies offer a paid-in-full discount.

Of course, the best way to save money on your insurance is to drive safely and pay attention to other drivers on the road, but you should regularly review your policy to make sure that you aren’t missing any discounts that you qualify for.

You can also save money on your insurance by shopping online to find the best policy for your coverage needs. Request at least 3 free insurance quotes when you start shopping so you can have enough information to make the best choice for you.

You can get free fully paid-up insurance quotes from insurance companies near you when you enter your ZIP code today.