car insurance companies with no deposit article

The cost of a car running is high - rising oil prices and the average premium auto insurance are not only working on one. Of course, some drivers can pay much more for auto insurance, with premiums in excess of £ 1000 or even in what is perceived as a high-risk cases.

Spread the cost

Car insurance can achieve much of the family budget, and many families simply can not afford the car cover on the front to pay. After all, how many of us have a few hundred pounds sitting in your bank account? However, you can make more manageable costs by spreading the cost over the year in monthly installments.

For example, instead of £ 420 to be paid at the beginning of the term of the policy, you could pay in monthly installments of £ 35 has for the payment decided also may allow you as they afford to buy a higher level of coverage otherwise could. Most insurers offer a payment plan, but will be provided for the convenience charge. Prices vary, so it is important to consider the different rates and interest rates to get the best auto insurance. But remember that you are almost always more expensive than once a month to pay, rather than annually. So, if you can afford it may, it is better to usually pay for car insurance with a lump sum.

Suppose a company an annual bonus of £ 380. If you ordered to pay the costs in monthly installments, the insurer could 11 monthly payments of £ 38 asking for a total of £ 418-40 £ more than the original cost.

no down payment car insurance

There is another problem with the monthly payments: motorists who opt for a payment plan usually has to make a deposit of 20%, although some companies insist on a higher amount. Drivers who have little money, sometimes may have trouble getting a deposit together, especially if your car insurance premium is unusually high. For example, if your bonus £ 1,000, which was to be expected, a deposit of £ 200 is payable.

Fortunately hear a number of companies to customer wishes - and try to companies in a highly competitive market to win - offer no deposit car insurance. It works just like standard payment plans, except that you do not need to raise money for a down payment, which can be a financial lifeline in these tough times.

The cost is usually remain the same as for car insurance with a deposit, most insurers with the same interest and commissions. But as always, it pays to shop around.