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Your annual statement that you receive is most likely just your renewal notice letting you know what your premium will be for the next year and if there is any change. If you make monthly payments then the notice is not asking for the premium to be paid all at once in addition to your monthly payments. If you have questions about your policy, payments, coverages, etc. you should go in an speak with your agent. I would recommend that you go in to review your coverages every couple of years anyway.

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Q: When you are making your monthly budget what should you do with your yearly car insurance premium that comes due each September?
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