Can you get car insurance with no deposit?

While insurance companies do not require a deposit, the first month's payment is due upfront. No-deposit payments typically refer to premiums that are paid monthly. If you need car insurance and can't afford it , there are some state-funded programs and affordable options for low-income car insurance .

Who actually has the cheapest car insurance?

MoneyGeek's study found that GEICO has the cheapest car insurance rates for most drivers, with an average annual premium of $628 for liability-only coverage and $1,047 for comprehensive and collision coverage.

How do I get insurance with no money down?

A monthly car insurance plan allows you to make smaller payments each month instead of paying the entire premium all at once.

Can I pay half my car insurance?

Instead of paying your car insurance premium for a 6-month or 12-month period, you make monthly payments to lower your immediate costs. You may pay more in the long run as providers typically offer a small discount for paying your premium in full for the entire policy term.

Cheapest Car Insurance With No Deposit [February 2024]

Name: Cheapest Car Insurance With No Deposit [February 2024]
Item: Cheapest Car Insurance With No Deposit [February 2024]
Author: Gail Kellner

No credible car insurance company will offer insurance without at least one month's premium payment upfront. However, you get very cheap car insurance with low monthly rates from State Farm, GEICO and Nationwide.

ByGail Kellner

Reviewed byMark Friedlander

ByGail Kellner

Reviewed byMark Friedlander

Edited byVictoria Copans

Updated: February 23, 2024

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About Gail Kellner

Gail Kellner is a freelance writer specializing in personal finance and insurance. She grew up outside of Hartford, Connecticut, the insurance capital of the world. She has written for Bankrate, Bravo Policy, Retireable and many other publications.

sources

Insurance Information Institute. "What determines the price of an auto insurance policy?." Accessed June 7, 2020.
National Association of Insurance Commissioners. "Consumer Insurance Search." Accessed June 8, 2020.