Get Car Insurance Now Pay Later

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Get Car Insurance Now Pay Later 

Are you looking for new auto insurance but do not have enough money to put down a deposit? Do you need car insurance today but aren’t quite sure what your options are? If this sounds like a situation you are in, then there are some options you can consider. You can get car insurance now pay later, which will get you legally insured without making a big down payment.

Insurance Companies are Flexible

Many people do not have enough money to pay the premium in full to cover their vehicle. Then, there are those that can make monthly installment payments but temporarily just don’t have enough money to put down a policy deposit. A down payment can equal two monthly car insurance payments. This means if you have a six-month policy, your deposit would be $200. Each insurer is different and may charge more or less for a down payment.

There are providers out there that are more flexible and use incentives to bring in new customers. In some states, it may be possible to get car insurance now pay later. This is ideal for those that are in a short-term cash flow situation, such as starting or changing jobs but still need to drive every day. The reality is that these types of deals are not offered in all states and only select auto insurers offer them.

get car insurance now pay later

No Down Payment Policies

So after some due diligence and research, you’ve found an insurer that offers get car insurance now pay later. Here’s how your policy will be typically structured. Your first installment payment might be used as the deposit for the policy. This gives the appearance that you are getting no down auto insurance, when in fact you are paying a deposit. It’s just disguised as the 1st-month payment. This is why it’s so important to read all of the fine print in your policy carefully. You need to also check for any hidden fees. These fees can really add up and make the policy more expensive than one without unnecessary fees.

What are the Advantages of this Type of Policy?

The main advantage is obvious. For those that are broke and cannot afford a down payment to insure their car, it can be a lifesaver. Many people usually commute long distances to go to work and need a car just to stay employed. Someone that is starting a new job and won’t get their first paycheck in a month can really be helped by a $0 down car insurance policy. Not having to pay anything out of pocket can leave you money for other essentials like gas to get to work.

What are the Disadvantages of this Type of Policy?

Before you get instant auto insurance with nothing down, you need to make sure it works for you. Why do you ask? The answer is simple. These types of no down policies cost more, and for those already on a tight budget, it can just add to the financial frustration. For example, let’s say you got covered with nothing down, but the premium added up to $1,500 per year. In this case, you didn’t have to pay a deposit but paid 12 monthly installments of $125, for a total of $1,500.

With a deposit, your quote is $1,300 for the same coverage. If you put down $100 on the policy, you would then pay $100 a month for 12 months and save $200 in a year. In this scenario, it might be smarter if you have no funds to try and borrow some money from a family member or friend and make the initial $100 deposit. If you’ve depleted all of your options, then you should go for a policy like very cheap auto insurance with nothing down, as a last resort.

What States Allow No Down Auto Insurance?

According to, there are only a few select states that offer these types of policies. They include:

  • California
  • New York 
  • Washington
  • Arizona 
  • Oklahoma 
  • Georgia
  • Florida  

Your best bet to get covered with no deposit auto ins is in California. This is the most populous state in the U.S., with nearly 40 million residents and tens of millions of automobiles. There are also more insurers in California than in any other area. Some national and regional providers do give you the option to get car insurance now pay later, but you have to do your research. Compare quotes now and find out what insurer provides the best low down payment deals.

The Cost of No Down Payment Auto Insurance

There are numerous factors that insurers use that determine your premiums. This, of course, applies to no down car insurance plans. These include:

  • Your driving record. It will account for between 30-35%
  • Policy Options. It equates to about 10%
  • Credit Rating. It equals about 5%
  • Make and Model of your Vehicle – about 15%
  • Your age, marital status, and gender – accounts for about 25%
  • Other factors like your occupation and zip code equal about 10%

How to Get Cheaper Nothing Down Auto Insurance

Are you strapped for money and need coverage with $0 down? Then you are going to want to save as much as possible on the policy. There are a few things you can do to lower your premiums. These include:

  • Raise the deductible to $1,000 or even higher.
  • Get rid of any unneeded items on the policy like duplicate rental car coverage.
  • Take advantage of auto-pay plans. They can save you up to 2%.
  • Talk to your Employer. Some companies have special auto insurance rates with certain providers. Check with your human resource manager for current deals.
  • Park your car in a garage, if possible.
  • Bundle your Automobile and homeowners’ coverage onto one policy and save 10% or more.
  • Get a GPS based security device installed on your vehicle.
  • Take advantage of every discount you qualify for. This includes military, good driver, and bundling all your vehicles onto one policy and more.

Shop Online and Save Big

More and more people are going online to not only compare the cheapest auto insurance rates but to buy their policy. If you need to get car insurance now pay later, then the best place to start looking is online. There are several national carriers like Progressive Insurance that have great zero deposit deals in select markets and very cheap car insurance with $20 down. To get started, just enter your zip code and fill out a few simple questions. It only takes a few minutes. Compare quotes today and save hundreds on the insurance coverage you need.