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Compare No Down Payment Car Insurance

One of the biggest concerns drivers have about car insurance is how much they will have to pay up front. The economy is rough right now and that means a lot of people are on a tight budget. Even people who can afford their car payments and a monthly insurance premium are not likely to have extra cash available for a large down payment.

This is why so many drivers are looking for car insurance with no down payment. If you do not have to pay a large sum of money up front, you can afford a quality policy that gives you the coverage you need. If you are looking for a policy such as this, keep the following factors in mind when you compare no down payment car insurance policies.

Quality Coverage

No down payment car insurance policies should offer the same quality coverage as other policies. Just because you are not paying a lump sum of money up front does not mean your coverage should be any less valuable. Insurance companies typically set up a payment schedule that divides your premiums into three, six, or twelve monthly payments. You should receive the same coverage, but only pay for a portion of it each month. As long as you submit your monthly payment, you will retain your quality coverage.

Paying More

No down payment car insurance might be a little bit more expensive. Car insurance rates are usually created with both up front and monthly payments in mind. Many insurance companies offer discounts to drivers who pay all of their insurance up front, but the discount is usually not that significant. If you can afford to pay everything up front, you can save a few dollars by making that large down payment. However, if you can only afford a small portion of the cost of the policy each month, you will not be missing out on all that much savings. Stretching your payments with no down payment car insurance makes it easier to keep your finances in order if you are on a tight budget.


If you are comparing no down payment car insurance rates, be sure to find out if other discounts are available on your policy. Even though you are not making a down payment for your insurance, you might still be eligible for safe driver discounts, vehicle safety feature discounts, and discounts related to your age. These discounts are offered by insurance companies to create even greater savings for customers. It also helps keep customers loyal by providing the lowest rates for the best possible policies.

If you are would like to compare no down payment car insurance rates, use our free search tool to learn what options are available to you.

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