MAIF Payment Plans

On October 1, 2013, MAIF introduced an installment plan for payment of annual premiums allowing MAIF customers to spread out payments after making an initial down payment of 20-25%, depending on their annual premium amount.

There is a 5% discount available for customers who choose to pay in full. Customers still have the option of obtaining their own financing for annual premiums with a Premium Finance Company.

Payment plan options are based on the annual premium amount as follows:

*Premiums Less than $3,000, Requiring a 25% Downpayment:

-6 monthly installments with the first payment due 60 days after the policy is established.

-3 monthly installments with the first payment due 60 days after the policy is established and the remaining 2 payments due every 60 days.

*Premiums $3000 or More, Requiring a 20% Downpayment:

-8 monthly installments with the first payment due 45 days after the policy is established.

-4 monthly installments with the first payment due 45 days after the policy is established and the remaining 3 payments due every 45 days.

Roadway Insurance

301.476.1183