$20 Down Payment Car Insurance Quote
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Do you need auto insurance as soon as today but have no money for the first month of coverage? If this sounds like you, don’t worry, there are options you can take advantage of. One of these is securing a $20 Down Payment Car Insurance Quote. If you qualify for one of these deals, you can get insured for an entire month without any money upfront.
When you buy new insurance, there are several possible payment options. One of them is to pay the entire premium in full, which usually results in a small discount of 4% or 5%. For many motorists low on funds, this isn’t viable. This is where installment plans come in—how most people pay their premiums through monthly payments.
Particular insurers in some states offer incentives to lure in customers. One popular promotion is car insurance with nothing down for the first month. This doesn’t mean that your premium is free for the first month. It just means that you will pay the full premium in the remaining months of the policy.
For example, let’s say your yearly premium is $1,100. In the first month, you pay zero down and make no payment. The remaining eleven months will be installment payments of $100. So, you are not saving money with this type of plan. It makes sense for those in a temporary cash squeeze. There is a good feeling, though, to get insured for the first month and not have to put down any deposit.
There are several ways to pay your premium. These include:
If you need to get a $20 Down Payment Car Insurance Quote, you will need to pay for the entire policy’s premium. If you can’t do that, later you can pay monthly payments for slightly more. In one study, annual rates were, on average, just $42 more with monthly payments. This is only $3.50 per month extra, an amount almost anyone can afford.
While not every insurer offers these deals, several national companies have these plans. These carriers include:
Progressive is a leader in offering cheap car insurance no down payment, and low down policies. The site is easy to use, and consumers can select the coverage and payment plan that best fits their needs. They can also buy their policy online and print out the I.D. cards, all online. Geico is another direct provider that sells policies online. They have low deposit car insurance programs and low-cost, convenient monthly payments. No Down Payment Car Insurance is Only Available in Select States.
There are just a few states that let insurers sell these types of policies. They include:
Not Everyone Will Qualify for Auto Insurance with Zero Down. While many drivers low on savings need car insurance with the first month free, some will not qualify. Some of the reasons include the following:
If one of the above applies to you, don’t worry. You can still get very cheap car insurance with a $20 deposit or slightly more. You first need to compare as many quotes as possible from a large sample of insurers. Companies like VikingInsurance.net can help you find the cheapest rates from leading national carriers. Get started now by entering your zip code.
It’s much easier to qualify for cheap no down car insurance if you:
The internet has transformed so many things. It’s made comparison shopping for products and services much more accessible. If you need a $20 down payment car insurance quote, then there’s no better place to start shopping than on the web. In about 5 minutes, you can compare up to 10 quotes from national providers. Many of these rates are exclusive to the web. This means you’re going to save more money. Get started now by entering your zip code. Find cheaper rates for the coverage you need.