Hiscox currently accepts only credit and debit cards (Visa, Mastercard, American Express). Hiscox offers annual or monthly payment plans with no additional fees, so financing options from premium financing companies are not needed. To change the credit card information, call Hiscox at 1-877-655-5177.
Monthly payments are auto-charged on the card and there is a down payment that is required at bind per Hiscox’s requirements. No email is sent when money is withdrawn due to a form that is provided to the insured during at time of bind and at renewal.