If you're looking for car insurance and can't afford a large down payment, you might be interested in the promise of insurance that doesn't require it. However, not getting car insurance with no money down payment is a bit of an overstatement, as technically it doesn't exist. Any reputable insurance company will require a deposit before the policy comes into effect. No down payment car insurance refers to insurance where you only have to pay a portion of the premium, often the first month's bill, as a down payment. Find out what no excess car insurance really means and where to find cheap low excess car insurance.

What is no money down car insurance?

No money down car insurance means without a deductible requires the payment of part of the total premium before the start of the insurance. When purchasing insurance, you have the option of either paying monthly or paying the entire premium at once. While it's cheaper to make monthly payments in the short term, you can spend more money over the contract period than if you paid upfront for no money down cheap car insurance. 

Who is eligible for 0 money down car insurance?

payment plan options and eligibility vary by state, and insurers base the cost of your monthly premium on your level of risk. Drivers who pose a high risk to the insurer are less likely to pay the monthly installments. If you're making monthly payments and making a costly insurance claim, your insurer won't have the upfront payment needed to cover part of your claims. Although each insurer defines risk differently, it can be more difficult to find coverage with a no money down payment if you belong to one of the following groups: 

 Drivers with expensive new vehicles 

Drivers who need coverage SR -22,   

 Drivers with Bad Credit History 

 Drivers With A Driving History 

 High Risk Drivers

Can insurance companies offer car insurance without down payment? 

 Beware of insurance companies that claim you can be insured without a down payment.Remember, not having a deposit on car insurance simply means you don't necessarily have to pay more than your first month's bill to get covered. While it is more expensive to make higher upfront payments, it can result in a reduction in your overall bill. While all reputable insurance companies require at least some form of upfront payment, you can do some research to find one. Learn how to find the most lucrative plan that's right for you. 

 How to find no money down cheap car insurance?

car insurance options vary by state. The easiest way to find out which online car insurance with no down payment options you might be interested in is to speak to a broker.Speak to us today to find out what eligibility you have based on your state and the type of coverage you're looking for. If you're not already insured with The General, get a free insurance quote in up to two minutes and find out how much you can save on your policy.