Can you get car insurance without a down payment?

I don't have enough money for a down payment, but need car insurance. Are there any companies that offer car insurance without a down payment?

Answer
I know it can be incredibly frustrating when you need a policy but can’t afford a down payment. The cost to start a car insurance policy can come with quite the sticker shock.
While most companies require a down payment when purchasing a policy, it is possible to find car insurance with no down payment.
If you have a good credit score and clean driving record, insurance companies may consider offering you a policy without a down payment. Since insurance is risk-based, the less of a risk you are, the better your terms and conditions will be.
Before looking into insurance companies, you should know what your budget is. While you may not have to pay a down payment, starting a policy will require your first month’s payment, so you’ll want to know what you can afford ahead of time.
Once you know that, you can request car insurance quotes online or go to Jerry. The free Jerry app gathers affordable quotes from up to 50 top insurance providers, saving customers an average of $879 a year!
If you find a policy that fits your needs and is affordable, consider how you pay for your insurance. Most companies will offer a discount for payment by a bank account instead of a credit card, helping to save you even more money.
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Emily Maracle
Answered on Aug 11, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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