What does it mean when my final price says 1st payment (including down payment)?

So my final price says

1st month (including down payment) $39.97

+5 monthly payments $41.81

So how much will it actually cost to start my policy?

Answer
When purchasing a car insurance policy, your down payment is the cost to start your policy.
Your next payment due would be at the monthly payment amount. Monthly payments are typically due 30 days after your down payment, or your effective date if they are different.
When fetching a final price or quote from car insurance companies, Jerry uses the information you provide in the app.
Car insurance companies pull a variety of reports when determining a rate. These include:
  • Prior insurance history
  • Insurance credit score
  • Driving record
  • Claims history
Some companies don’t pull these reports until you confirm you’d like to purchase a policy. If any of the information you provided in the app is different than what their reporting shows, your price could change.
If that happens, our agents will always inform you before the policy is purchased.
If you ever have any questions about your quote or final price, you can give our sales team a call at 650-753-7799 and they are happy to assist.
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Emily Maracle
Answered on Jul 27, 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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