Paying your Preferred Mutual insurance premium on time is important to keep your policy active and avoid any lapse in coverage. Preferred Mutual offers multiple convenient options to pay your bill online, by phone, through the mobile app or by mail. This guide explains the various ways to pay your Preferred Mutual insurance bill.
Pay Online
The fastest and most convenient way to pay your Preferred Mutual insurance bill is online through the policyholder website. Here’s how to pay online:
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Go to wwwpreferredmutualcom and click “Make a Payment” at the top of the homepage.
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On the Quick Pay page, enter your policy number and billing ZIP code. Click “Start Payment”.
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Select whether you want to make a one-time payment or set up recurring payments Choose your payment amount
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Enter your payment information. You can pay directly from a bank account or by debit/credit card.
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Paying by bank account is free Cards have a non-refundable convenience fee of $995 per transaction,
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Click “Continue” to review your payment details. Verify everything is correct.
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Check the authorization box and click “Submit Payment” to complete.
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You will get a payment confirmation email with transaction details. Payments process within 1 business day.
Paying online is fast, secure and lets you avoid mailing delays. You can save payment info to your online account profile for even quicker future payments.
Pay via Mobile App
Preferred Mutual offers a free mobile app for iOS and Android so you can easily pay your bill on the go.
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Download and open the Preferred Mutual app on your device.
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Tap the “Make a Payment” button and log into your account.
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Select your payment amount and method. Pay directly from your bank account or by card.
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Submit the payment and you’re done!
The app also lets you view your full policy, get insurance ID cards, file claims and more. Paying through the mobile app is super quick and convenient.
Pay by Phone
To pay your Preferred Mutual insurance bill by phone:
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Call 1-800-934-2459 to reach the billing department. Say “Make a payment” when prompted.
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Provide your policy number and billing ZIP code. Select your payment amount.
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Have your debit/credit card ready. There is a $9.95 convenience fee per phone payment.
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Your payment will process immediately over the phone system.
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Ask for a confirmation number before hanging up.
Paying by phone is available 24/7 and takes just a few minutes. It’s a good option if you prefer phone assistance over online payments.
Pay by Mail
You can mail your Preferred Mutual insurance payment by check or money order using the remittance coupon and envelope provided with your paper bill.
To pay by mail:
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Detach the remittance coupon from your bill and write your policy number on your check.
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Make the check payable to “Preferred Mutual Insurance Co.”
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Mail your payment at least 7-10 days before the due date to ensure timely arrival.
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Send to: Preferred Mutual Insurance Co.
PO Box 645144
Cincinnati, OH 45264 -
Keep the remittance coupon portion as your mailed payment receipt.
Mailing your payment is perfectly fine if you prefer using checks over electronic payments. Just make sure to allow extra time for postal delays so your payment arrives on schedule.
Manage Recurring Payments
Setting up recurring payments through the online portal or mobile app is a great way to stay on top of your bill and never miss a payment.
With recurring payments:
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Your insurance premium is automatically paid from your chosen account each billing cycle.
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You can view/edit upcoming scheduled payments in your online account.
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You’ll get payment confirmations emailed to you for record keeping.
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You can cancel scheduled payments anytime if you no longer want auto-billing.
Recurring payments give you peace of mind knowing your insurance bill is always paid on time. It’s an easy “set it and forget it” option.
Avoid Lapses in Coverage
To avoid a lapse or cancelation of your Preferred Mutual insurance policy, it’s crucial to pay your premium by the due date shown on your bill.
Payments received after the due date risk your policy being terminated for non-payment. This would leave you without important insurance coverage.
Get late payment alerts by email/text when you create an online account. This helps you stay on top of due dates and avoid lapses.
Payment Assistance Options
If you’re having trouble paying your Preferred Mutual premium there are a few options:
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Request a billing review to see if premiums can be lowered based on your needs.
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Set up a payment plan to spread costs over several smaller payments.
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Take advantage of any discounts you may qualify for like multi-policy, paid-in-full, etc.
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As a last resort, reduce non-essential coverages to lower premiums.
Contact billing services at 1-800-934-2459 to discuss payment assistance options. Let them know if your financial situation changes.
Know Your Billing Cycle
Preferred Mutual bills policies on either a monthly, quarterly, semi-annual or annual basis depending on your selected schedule.
Make sure you know your individual billing frequency as printed on statements. This impacts your due dates.
You can view/verify your billing cycle by logging into your online account dashboard anytime.
Get Insurance Bill Reminders
Never miss a payment and avoid lapses in coverage by setting up free bill reminders through your online account profile.
You can get automatic emails, text messages or app notifications when:
- Your bill is ready to view
- Your payment is due
- A scheduled payment will be processed
Bill reminders keep your policy top of mind so payments are made on time.
Switch to Paperless Billing
Go paperless to get bills delivered directly via email instead of mail. This gives instant access to statements rather than waiting for snail mail.
To go paperless:
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Log into your online account and change settings to paperless billing.
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New bills will now be emailed to you as PDF attachments.
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Pay bills easily through the emailed invoice links.
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Reduce clutter and do your part for sustainability.
Paperless billing is fast, convenient and environmentally friendly.
Stay on top of your Preferred Mutual insurance premiums by paying online, through the mobile app, by phone or mail. Just be sure to pay by each bill’s due date to avoid any policy cancelations or lapses in important coverage.
Convenience, ease and choice. Preferred Mutual offers you a variety of flexible and paperless payment options. These include electronic funds transfer (EFT), account billing, e-Checks, and debit and credit cards. Sign up for paperless billing on MYPreferred and receive text and/or email notifications when payment is due.
ELECTRONIC FUNDS TRANSFER (EFT) Authorize your bank or financial institution to automatically deduct your installment premium from either your checking or savings account on a regular, pre-determined basis. You can sign-up for monthly billing through your MYPreferred Account, or complete the Request for Combined Billing/EFT Authorization form. ACCOUNT BILLING Save time and money when you combine two or more personal or commercial policies with the same billing address. That’s one bill no matter how many policies are on your account. Complete this form to sign up now.
Pay your bill directly from your checking or savings account through Quick Pay or MYPreferred. You can pay your installment or pay in full. With e-Check, there are no check-writing expenses, no set-up fees, and no mailing costs.
CREDIT AND DEBIT CARDS
Make payments with your credit or debit cards with a Visa, Discover, or MasterCard logo through Quick Pay or MYPreferred. You can pay your installment or pay in full.
PAPER CHECK
Include your policy number on the check and mail payment to: Preferred Mutual Insurance Company P.O. Box 419669 Boston, MA 02241-9669
PAY BY PHONE
To pay via phone (available 24/7), call 1.888.511.2455 and follow the voice prompts.
Preferred Mutual Insurance Review: Pros and Cons
FAQ
What is the 1 800 number for Preferred Mutual?
What is a preferred insurance company?
What states does Preferred Mutual write in?
How can I pay for Preferred Mutual Insurance?
You can pay for Preferred Mutual Insurance using Online Payment with your Account or Policy Number and Zip Code.
What payment options does preferred mutual offer?
Convenience, ease and choice. Preferred Mutual offers you a variety of flexible and paperless payment options. These include electronic funds transfer (EFT), account billing, e-Checks, and debit and credit cards. Sign up for paperless billing on MYPreferred and receive text and/or email notifications when payment is due.
Can I file a claim online at preferred mutual?
Preferred Mutual allows customers to file claims at any time over the phone or online. The carrier’s official website does not make a specific claims response time frame promise, however. What is Preferred Mutual’s customer service availability? Preferred Mutual’s phoneline for customer service issues is available at restricted hours on weekdays.
How do I file a claim online with my preferred mobile?
Manage your policy anywhere, anytime with MYPreferred Mobile. It’s time to get the extra protection you need at a cost you can afford. To get started on filing your claim online, log onto MYPreferred. Find an independent agent near you. You can also search by agency name and zip code. Already a Customer?
Does preferred mutual offer commercial insurance?
It’s a promise that you can get the protection you need to Live Assured each and every day. Owning a business comes with a lot of responsibility and liability. That’s why we offer customizable commercial insurance packages for all kinds of businesses. Preferred Mutual offers home insurance, auto insurance and business insurance.
How do I sign-up for monthly billing?
You can sign-up for monthly billing through your MYPreferred Account, or complete the Request for Combined Billing/EFT Authorization form. Save time and money when you combine two or more personal or commercial policies with the same billing address. That’s one bill no matter how many policies are on your account. Complete this form to sign up now.