There are two billing options when paying for your renters' insurance:
Annual - your financial institution is billed immediately, regardless of the effective date of the policy, for the entire year.
Monthly - 1 down payment billed immediately, 10 additional instalments billed monthly. Includes a billing fee.
For convenience, most customers prefer to have their payments automatically deducted. As a result, at the time of purchase, Sure renters insurance automatically defaults to auto-pay.