Paying every month without car insurance deposit is a good alternative to the problem of illegally driving without liability insurance if you have trouble paying expensive annual premiums up front. This is especially true for people who have had an accident and have seen their premiums go up 50 percent to 100 or more.
No deposit car insurance is usually paid at the beginning of each month and is the preferred payment choice for many first time car owners such as new drivers and students who do not have much spare money lying around after buying their own vehicles.
But even people who can afford to pay in advance sometimes not. It is human nature to feel more comfortable in keeping cash in his pocket in the case of an emergency rather than give a lump sum to an insurance company.
Long term auto insurance is slightly cheaper, but no deposit car insurance has easy installments and there are some good reasons not to do so. You do not even have to write a check each month that you can have the amount debited from your account if you wish.
Another advantage is the possibility to change suppliers or to make changes to your policy while staying with the same company. You can choose to cancel your existing policy and get another again without losing anything at the end of each month.
If you find a better insurance quote, you no longer have to worry about being tied to your policy miss out a lot.
In general no deposit car insurance does provide many drivers today with the necessary flexibility and economy.
Originally posted 2016-01-23 03:22:30.