More Ways To Pay

Methods of Payment

LUBA accepts cash, check, money orders made payable to LUBA, ACH bank drafts, or credit cards. Recurring electronic payment options are also available. For more details, contact the Billing Department at billing@lubawc.com.

Twelve-Month Installment Plan

Qualified policyholders can make a down payment equal to 1/12 the annual premium plus the expense constant.  The remaining premium is divided into equal monthly installments, without a finance charge. 

Quarterly Plan

Qualified policyholders can pay quarterly with the first installment representing 30 percent of the annual premium plus expense constant, a second installment of 30 percent and two installments each of only 20 percent of the annual premium.

Monthly Self-Reporting Plan

Qualified policyholders can make payments by the 15th of each month on the premium calculated by the policyholder based on payrolls incurred in the prior month.  The policyholder can also choose to submit the payroll information and premium payment online through LUBA connect.  Since the premium is paid in arrears, a security deposit based on a percentage of the estimated annual premium is required, and there is no finance charge.

Ten-Month Installment Plan

Policyholders can make a down payment of 17 percent of the annual premium.  The first installment consists of the total of the down payment of 17 percent of total annual premium, plus the first installment and the expense constant.  The remaining premium is divided into 9 equal monthly installments. 

Annual Plan

This option allows for full payment at policy inception with no deposit required. 

*No per installment service charges to policyholders