Can I purchase auto insurance with no down payment?

Greg

Sure, Greg.

If you speak to an auto insurance agent, they can usually locate a company for you that offers auto insurance with no down payment. These companies are everywhere and aren’t too hard to find, and they allow you to pay your first payment first, but pay an equal payment to that every month, rather than paying a high percentage of your 6 month or yearly premium up front.

So, yeah, auto insurance with no down payment is available. But is it a good idea?

Honestly, you would do better for yourself to avoid guarantees like auto insurance with no down payment, because although they may do something to save you money in the short term, they cost you more in the long term. No down payment means higher monthly premiums and less constant disposable income for you. No down payment also means that you will pay in installment, which has its own fee.

take care,

Fashun.

Do I need an instant car insurance rate comparison?

Gabriel

Good question.

What is the difference between hiring a car insurance agent and getting an instant car insurance rate comparison? Well, the instant car insurance rate comparison is free, for one. Now that these are available online, agents are practically obsolete.

You can both research, get quotes for, and purchase your auto insurance online, and you can do it in less time than you would have spent at the agent’s office, which is one of its big draws.

Even so, sometimes agents are useful. If you just don’t have enough time to sacrifice to getting an instant car insurance rate comparison, checking complaint records, recommendations, and financial stability, then an agent can do all of that for you. So then it’s up to you to decide on the agent.

You’re going to want an independent agent. These agents can look for quotes and compare among several different companies and help you decide. On the other hand, a captive agent work for a single company.

One of the best ways to lower your annual premiums is to raise your deductible amount to the highest level possible. Say, $1,000.  If you are  a safe and claim free driver you will save a ton of money in the long run.  Remember you only have to pay this amount if you have a claim and the claim is paid by your insurance company.

–Fashun