Co-operative Insurance offers a variety of payment options, allowing you to choose the one that works best for you.
Monthly Electronic Funds Transfer (EFT)
The monthly automated payment plan automatically deducts your premiums from your checking or savings account each month, saving you time and money. There are no fees and no worries about missed payments, and your premiums are spread evenly throughout the year.
Simply complete our ACH Authorization Form and drop off with your local agent or send the form directly to Co-op Insurance.
Four Payment Plan (4-pay)
Pay your annual premium in four installments. You can pay the minimum amount due, the entire balance, or any amount in between. A $6 processing fee is added to each bill with this option. Your first installment is due on the effective date of your policy. The next payments are due at 2, 5 and 8 months later.
Two Payment Plan (2-pay)
Pay your annual premium in two installments. Pay a predetermined amount on your annual premium when your new policy term begins. A second payment is due five months later. Pay the minimum amount due, the entire balance, or any amount in between. A $6 processing fee is added to each bill.
Annual Payment Plan
Make one payment. No processing fees.
If you’ve set up your mortgage payments to include your insurance premium, we can bill your mortgage lender. No processing fees, and only one bill for both your mortgage and homeowners insurance!