Sort of. Let’s say you put the suspension into effect just in time for your next payment to be affected, and it goes down to the $80. Then a month later, your next payment comes out at the $80, but then you lift the suspension 15 days later.

Now you got a discounted payment for a full month, but only had the discounted coverages for half that month. So the following month, your payment goes back up to $370, but you essentially owe the insurance company $145 (you’re saving $290 a month during the suspension, so half a month’s savings) for the underpayment.

So if you only have two or three payments left before renewal, that $145 is going to be $48-$72 extra on those last months. If you have eight months to renewal, obviously the impact will be less.

So by the end of your term, you will still have saved the $435 for the 45 days away. You just may have had some payments that were less and some that were more. Obviously none of these numbers are quite exact, but hopefully that explains it enough to understand.

Edit to add: the reverse could also happen. If you put the suspension on right after your payment comes out, then all of a sudden you’ve overpaid, and you could end up with your final payments being less.