subject: The Best Way To Locate Car Insurance With No Down Payment [print this page] You need car insurance but you don't have a lot of money to put down up front. This is not an atypical problem and it is certainly not without solutions. Online price comparisons can make finding car insurance with no down payment a relatively easy thing to do.
Many insurance providers offer monthly insurance which can be paid in monthly installments, six months at a time, or for the whole year. Shopping around online can help you find a good number of insurance companies that offer insurance with no down payment, or low down payment. More often than not, however, you will have to have a credit report ran in order to qualify for this type of offer.
One key thing to keep in mind as you search for insurance that doesn't require a down payment, is that most up front fees when you are signing up for coverage are broker's fees. These are commissions that are paid to the agent for signing you up. They can get pretty high and sadly enough, fee people know that these are net set in stone.
You always have the opportunity to try to negotiate the portion of your down payment that represents broker's fees. It is rarely ever a pleasant debate, being that generally you will be negotiating with your own insurance broker. But is is the frugal thing to do. In fact, so many more people are not willing to pay the commissions of their broker that slowly, steadily this sector of the market is changing to reveal far bigger numbers in sales for companies that do away with broker's fees. They have been for many people, too high and an unnecessary expense when all that you'd really like to do is buy insurance.
If all else fails and the broker that is handling your case refuses to lower the portion of your down payment that represents his or her commission, it is best to throw the towel in and go somewhere else. The option to do business with an insurance company that sells direct is always there. Letting your broker know that you are aware of this, may save you some footwork, however.
Finding insurance with no down payment is possible. It just takes patience, and with some insurers a fairly decent credit score. Insurance with a low down payment is available all the time. Learning to negotiate with your broker on additional fees embedded into the down payment will help you save hundreds of dollars, which might allow you to upgrade your coverage.
by: Levi Wright
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