Can you insure your vehicle without paying anything in advance?
Although no, zero, nil deposit car insurance doesn't really exist (a small sum, at least, has to be paid in advance; otherwise, your cover simply wouldn't be legal) there are ways around this; There are ways of buying a policy even if you cannot afford the premium, or even a part payment. To find out how see the FAQ (frequently asked Questions)or click here for more information about no deposit car insurance
What about low deposits?
Whilst buying a policy without paying out anything in advance is not possible for most motorists, low upfront payments are common. Car insurers recognise that monthly repayments suit the budgets of many drivers, so plans with repayments spread over up to 12 months, with fairly low initial payments, are common. However those looking for the cheapest possible quotes often find that the larger the sum they put down, the cheaper the quote.
What does it cost?
All, or nearly all, insurers charge extra for those who do not pay the full premium in advance. This is generally accepted to be about 11% of the total price, although this can vary considerably.
Also: some of the cheaper companies don't offer month – to – month payments. This means that you may miss out on the best bargains.
How do I find cheaper quotes?
You may be able to save a great deal of money by comparing multiple quotes, from up to 100 or more insurers, most of which offer monthly payments. Some of these will even provide easy terms for drivers with poor credit.
Getting a quote will only take you a few minutes and will place you under no obligation whatsoever, so why not get one now. It could save you a great deal of money!
How much would I have to pay upfront?
It depends on your age and experience. We got quotes for a typical driver using four comparison sites and looked for the lowest upfront payments. We then repeated this for the same driver, but with different ages and lengths of experience. See the results below: