Payment Plan Options

Quincy Mutual offers a payment plan option for all customers.

If you are a MAIP customer, please scroll down to view your payment plan options.
 

Payment Plan

Payment Plan Options

A. One Payment

This option is typically used for Mortgage billed policies. Payment in full, due on inception date with no service charge.

B. Two Payments

Fifty percent (50%) due on inception date or with application. Second installment due in five (5) months.

C. Four Payments 

Twenty-five (25%) due on inception date or with application. Three additional equal installments (25%) billed at 60 day intervals. 

D. Nine Payments

Twenty percent (20%) due on inception date or with application. Eight additional equal installments of (10%) billed at 30 day intervals.

E. Ten Payments

This plan is available for Rhode Island personal auto polices. Fifteen percent (15%) due on inception date or with application. Nine additional installments. The first 5 installments of (9.44%) billed at 30 day intervals. The remaining 4 installments of (9.45%) billed at 30 day intervals.

F. Twelve Payments

Available for policies that are enrolled with EFT. Installments will be spread evenly for the first year at 30 day intervals (this typically means 10 or 11 equal installments in the first year depending on the date the application is processed). You will have 12 equal installments in future years. The Minimum Due is automatically deducted from your bank account on the due date or the first business day following the due date.

Payment Plan Charges

Are you signed up for E-Bill? Are you signed up for EFT? Your Installment Charge is:
Our best option! You pay $0.00 per installment fee. Congrats!
You pay $2.00 per installment charge. Reduce this to $0.00 by signing up for EFT.
You pay $2.00 per installment charge. Reduce this to $0.00 by signing up for E-Bill.
You pay $5.00 per installment charge. Reduce this to $0.00 by signing up for EFT and E-Bill.
For our MAIP customers
Click here. 
 

Payment Plan for Massachusetts Auto Insurance Plan (MAIP) Customers

Payment Plan Options

A. One Payment

If you have been cancelled for Non-Payment during the last 2 years 100 % down payment is required.

B. Ten Payments - New Business

Twenty-five percent (25%) due on inception date or with application. The first 3 installments of (8.34%) billed at 30 day intervals. The remaining 6 installments of (8.33%) billed at 30 day intervals. Six dollar ($6.00) service charge per installment, or eight dollar ($8.00) for policies effective 8/1/15 and later.

C. Ten Payments - Renewal Business

Twenty percent (20%) due on inception date or with application. The first 8 installments of (8.89%) billed at 30 day intervals. The remaining installment of (8.88%) billed at 30 day interval. Six dollar ($6.00) service charge per installment or eight dollar ($8.00) for policies effective 8/1/15 and later.

 

EFT & E-Bill

MAIP policies are not eligible for EFT or for a reduction in service charges if enrolled in E-Bill. 

 

Insufficient Funds and Late Payments

Insufficient Funds Processing (Bounced Checks)

Checks and electronic payments not honored by a financial institution are subject to a processing fee of $25.00, or $29.00 for policies effective 8/1/15 and later.  Future payments may require a Cashier's or Certified Check. When a payment that reinstated a policy is not honored, we will rescind the notice of reinstatement and cancel the policy on the original date of cancellation. Please contact your Agent for additional information.

Late Payment Fee

A $25 late fee will be applied to the second and any subsequent Cancellation Pending Notice for each policy term. This fee will be $29 for policies effective 8/1/15 and later.