Is no-down-payment car insurance even possible?

I keep hearing about ‘no down payment’ car insurance but can’t seem to find any real options. Anyone know if it’s legit or just a myth? Looking to start a policy without breaking the bank right away.

Yeah, I don’t think true no-down-payment insurance exists. Most companies need at least the first month upfront.

Bela said:
Yeah, I don’t think true no-down-payment insurance exists. Most companies need at least the first month upfront.

Exactly. They consider that first payment your ‘down payment.’ Best bet is to look for a low-cost policy if you need cheaper upfront costs.

@MissNicklaus
Good to know! Sounds like ‘no down payment’ is just another way of saying first payment upfront.

Try going with a monthly payment plan. GEICO and Progressive have flexible options if you want to keep that first payment low.

Terry said:
Try going with a monthly payment plan. GEICO and Progressive have flexible options if you want to keep that first payment low.

Yep, I’m with GEICO, and the monthly plan has helped keep my budget on track.

If you’re really strapped, check for discounts—good driver, multi-policy, and student discounts can all make a difference on your monthly rate.

Yani said:
If you’re really strapped, check for discounts—good driver, multi-policy, and student discounts can all make a difference on your monthly rate.

Good idea! Even a paperless billing discount helps a little. Every bit counts.

Avoid pay-as-you-go insurance if you can. Gaps in coverage can get risky, especially if you forget to reactivate it before driving.

Neve said:
Avoid pay-as-you-go insurance if you can. Gaps in coverage can get risky, especially if you forget to reactivate it before driving.

Totally agree. It can lead to bigger headaches if anything happens while you’re not covered.

I looked into no-down-payment options, but it just came down to finding the cheapest rate. Comparing quotes is really the way to go.

Hadley said:
I looked into no-down-payment options, but it just came down to finding the cheapest rate. Comparing quotes is really the way to go.

Same! I used an online tool and ended up saving a good chunk just by shopping around.