Compare cheap car insurance quotes online!!

Friday, December 2, 2011

No Down Payment Car Insurance - Is it For Real?

2:23 AM By

In order to get a cheap car insurance quote online you need to get quotes from a number of car insurance companies. Thanks to the Internet, you can quotes online in the comfort of your home in just a matter of minutes.

There are a ton of websites where you can get car insurance quotes online. Unfortunately, most of them are run by insurance companies who only give you their rates. There are a couple of companies who also give you rates from their competitors, but from the comparisons I've done, they don't give you the cheapest rates that are available
Your first stop in your quest for cheap car insurance should be at an insurance comparison website where you can get rate quotes from multiple insurance companies. All you do is enter your insurance information and the amount of insurance you want on a simple online form, and then wait to get your quotes.

Most insurance comparison sites only deal with A-rated companies so if you decide to get your car insurance through them, you know the company will be reliable. Some of these site let you talk with an insurance professional, either online or by telephone, so you can get answers to any questions you may have, plus get tips on how to lower your premium.

After you get your quotes, go to J.D. Power's website (jdpower.com). Click on the "Insurance" tab at the top of the website, and then click on "Auto Insurance Provider Ratings." On the page that comes up you'll see ratings for a number of different categories. Under the "Pricing" category you'll see what J.D. Powers consider to be the companies that offer policies with the best prices. I recommend getting rate quotes from the companies with highest ratings (five bullets).

Pay Your Auto Insurance Monthly

some providers are beginning to realize the need for flexibility with payments in today's economy. They are now allowing consumers to purchase no down payment auto insurance. What this typically means is you'll only have to pay for the first month's premium up front, and then make monthly payments on your premium thereafter. This doesn't necessarily mean your policy terms are monthly; the policy terms will still be quarterly, every six months or yearly. Policies are reviewed and/or renewed on a systematic basis, but the monthly payment divides your big premium into smaller monthly amounts. Low down payment car insurance just makes it easier to manage your payments if you're not able to make the lump sum.

Easier to Budget

By opting for no down payment auto insurance, you can budget your premium payments monthly along with your other monthly bills. Pay your premium along with your mortgage payments, utilities, etc. and never have to come up with a huge premium amount again. If you're like most consumers, you'll find it much easier to pay $100 to $150 per month instead of $300 or more every quarter. Car insurance with no down payment removes some of the monetary stress so you won't have to worry about trying to save out extra each month for future premium payments.

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