What insurance company will start a policy with zero down payment?

Where can I go to buy a zero down payment car insurance policy? My insurance lapsed and I need to start coverage right away. I don't really have any money for a large down payment.

Answer
There isn’t a car insurance company that starts a policy without any payment at all, but there are ways to make the cost as low as possible.
The best option would be to ask your previous insurance company how much it will cost to have your policy reinstated. When a policy is reinstated, the coverage picks up where it left off and you don’t have a lapse.
Usually, you are required to pay the past due amount plus the next bill. It isn’t the cheapest option but it will save you money in the long run since you will not have a lapse of insurance coverage (which can be very costly).
If your monthly payment is too expensive, start shopping car insurance quotes online for a better deal. Be honest when asked if you are in a lapse of coverage so that the quotes you receive are accurate.
While shopping, take a look at your coverage and eliminate anything you don’t need. You can always add it back on later, such as:
We don’t recommend removing coverages that you may need, like comprehensive and collision coverage. Still, sometimes it can be necessary to make the rate low enough for your car to be legally insured.
If this is the case, remember to add the coverage back to the policy as soon as possible!
Working with Jerry can help make finding the policy with the lowest down payment will help. Jerry is a free insurance comparison app that shops the lowest rates with over 50 insurance providers. The best part is that you can see all the downpayment options for the different carriers at one to help make the right decision.
Shannon Martin
Answered on Oct 21, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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