Need Car Insurance Now Pay Later 

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If you are in a temporary cash bind find and need your vehicle insured as soon as possible, you might want to consider a need car insurance now pay later policy. Purchasing this type of policy will allow you to get your vehicle legally insured with the lowest out-of-pocket funds. 

In today’s tough economic conditions buying car insurance now pay later can help you secure legal coverage where you live. While this type of policy might cost a little bit more, you will be saving cash in the short run that you can use for other things like gas to work. For many drivers, these types of policies are the only way they can afford auto insurance coverage. 

Need Car Insurance Now Pay Later Helps Drivers Low On Funds 

A traditional auto insurance policy often requires a driver to pay up to 30% down and the first month’s installment payment. However, some drivers with less than $100 to their name also need to buy auto insurance. In this scenario, there’s no money available for a 30% deposit. 

This is where a need car insurance now pay later policy can really help. Although it costs more, the benefit is being able to legally cover a person’s vehicle with the minimum amount of money. 

If you’ve purchased insurance with a large deposit required, you might not believe car insurance is a viable policy. Several insurance companies offer these types of policies as an incentive to bring in new customers. However, it’s important to note that not all insurance companies lose money offering these promotional policies. 

need car insurance now pay later


Pay Later Car Insurance Is Not Free

Many people are confused over whether a need car insurance now pay later policy means they will be getting a period of free auto insurance. This is simply not true. All insurance carriers require a driver to make an initial payment before the policy becomes activated. 

Anyone that tells you that first-month free auto insurance is available is not telling you the truth. Free auto insurance for a month is not a reality, and no company offers it. The good news is that some drivers will qualify for $20 down auto insurance and can pay the policy balance owed in convenient monthly installment payments. 

Drivers who choose state minimum liability coverage will run the risk of being underinsured, but they will get the cheapest possible coverage based on their risk profile. Qualified drivers who buy a so-called “bare bones” policy can get covered for the first month for under $50 and then make convenient monthly payments. To compare rates where you live, enter your zip code and fill out a five-minute application.    

Get Quality Coverage, So You Stay Protected  

So you want to get the cheapest car insurance possible and lower your car insurance bill. You should take a very close look at the type of coverage and limits you choose. 

It’s smart to do so because in the event you get into a serious at-fault wreck, you could be liable for thousands above and beyond what your insurance policy covers you for. That means a cheap “bare bones” liability policy that saved you a few hundred dollars a year is now costing you tens of thousands in this case. 

Consider a Pay Later Comprehensive Auto Insurance Policy 

If you are a safe driver and own an automobile that’s worth less than $8,000, you should consider getting a liability-only policy with higher limits than the state minimums. However, if you have a new or newer vehicle, it’s wise to get comprehensive coverage with high limits so you can protect yourself from almost all incidents, including theft. Also, if you have considerable assets to protect, you are going to need to buy a policy with high limits, often above $250,000. 

If you are considering buying a need car insurance, compare rates as you can, preferably more than five. This will allow you to see what companies offer these types of policies at the best rates. If you have a clean driving record in addition to a credit score above 700, you can qualify for pay later comprehensive car insurance with monthly payments under $100. Get a free online quote in about five minutes. 

Auto Insurance is Mandatory in Almost Every State

If you operate a motorized vehicle, it needs to be covered because that’s the law. Even if you are cash-strapped, that is never an excuse to drive without auto insurance. With programs like pay later insurance, you can get insured today for under $100 out-of-pocket expenses in most cases. 

If you are caught driving without insurance, you could face a hefty fine and have your car impounded. In some states, your driver’s license will be suspended in addition to a steep find. Check if you qualify for a no down payment auto insurance policy. To start, simply enter your zip code and fill out a no-obligation application. You will then be matched with up to ten carriers’ best rates. 

Coverage Options For Pay Later Policies

Auto insurance is broken down into three basic coverage types. This includes liability, comprehensive, and lastly, comprehensive. If you own an old car that is worth a couple thousand and don’t drive much, you might consider liability coverage. Many drivers who are short on cash but need car insurance now pay later will choose liability coverage. This is especially true of younger motorists who are not in a position to afford comprehensive coverage. 

Many younger motorists need a liability-only pay-later policy with monthly payments just so they can afford to insure their vehicles. Even then, most drivers under 25 will pay more than $150 a month for coverage. This is because accidents for this group of drivers have been increasing over the past several years due to a number of factors like distracted driving. Young people are addicted to their phones and can’t put them down, even while driving. This has inevitably led to a big jump nationwide in distracted driving accidents for drivers under twenty-five, and insurers have had to increase rates. 

Drivers over the age of 25, with good credit and no accidents or tickets on their record, can qualify for need auto insurance now pay later liability coverage for less than $50 a month in select markets. That breaks down to about $1.65 a day for car insurance, which almost all drivers can afford.  

If you own a vehicle valued at more than $12,000, you should consider buying collision and even comprehensive coverage. If you lease your vehicle or have a car loan, you will likely be required to carry comprehensive coverage. While it costs more, you receive greater protection in the event you get into a wreck or other incident, such as hitting an animal.  

Insurers that Offer Need Car Insurance Now Pay Later Policies 

Not all insurance companies offer plans like pay later car insurance because they are often not profitable. Carriers want long-term profitable customers that renew their policies year after year. 

Stats show that pay-later car insurance policyholders cancel their coverage more often or switch to another provider. The good news is several companies do sell pay later car insurance coverage. 

  • Esurance
  • Allstate
  • Progressive
  • USAA Insurance
  • State Farm
  • Nationwide
  • Kemper
  • Safe Auto Insurance

Only Several States Legally allow Carriers to sell Need Car Insurance Now Pay Later Policies

  • Washington
  • California
  • New York
  • Nevada
  • Arizona
  • Oklahoma
  • Georgia
  • Florida

If you reside in a state that does not allow need car insurance now pay later policies, there are other options you can take a look at. This includes low down payment coverage that starts at $20. Enter your zip code to check rates where you live. 

Pros and Cond of Need Car Insurance Now Pay Later Coverage

There are a few disadvantages of pay later car insurance plans. The first one is obvious; it’s not offered in every state. There are more than 40 states where you can’t get this type of discounted policy. 

The other negative aspect is these types of policies cost more. Whether you get a six-month or annual policy, you will typically pay 10% or more than the same coverage with a larger upfront deposit.   

The main advantage of a need car insurance now pay later policy is saving money on the front end of the policy. For cash-strapped drivers, this can mean the difference between having legal coverage and not. Many drivers can get legal auto insurance the first month for under $100 and some for under $50. 

Get Every Discount You Can

You should apply for multiple discounts to save the most money on auto insurance. There are probably some discounts you didn’t even know about. Here are some popular ones.   

  • Safe Driver – this is a big money-saver discount. If you have a clean driving record with no accidents, you can save 20% and more. 
  • Good Student – If you are a student driver with a GPA (grade point average) of 3.0 or above, then you can save about 10%
  • Safety Equipment – If your vehicle is equipped with surround airbags and anti-lock brakes, you can save about 5%. 
  • Military – If you are an active military member or veteran, you can qualify for discounts of 10% and more.  
  • High Deductible – One of the easiest ways to save on car insurance is to set your deductible at $1,000 or even higher if you can. This will save you about 15%. 
  • Low Mileage – Drive less than 800 miles per month and get discounted rates.   
  • Garage Parked – If you park your vehicle nightly in a garage, let your agent know because doing so can save you around 2%. 

Apply Online for Pay Later Insurance Rates And Coverage Options 

The best way to go about finding a policy like need car insurance now pay later, is online. It’s much easier and more convenient than making an appointment with an agent who will probably push you toward a more expensive policy. 

The quote process online takes about four to five minutes, and there is no obligation to buy a policy. Before you start, you will need some basic info: 

  • The make and model and VIN (vehicle identification number) of your automobile 
  • Drivers License Number, which will be used to check your DMV record
  • Your Home Address
  • Occupation
  • How Many Miles You Drive Monthly
  • Do you Rent or Own Your Home? 
  • Marital Status 

Now that you understand the pros and cons of need car insurance now pay later policies, it’s time to get your custom quote. Apply now for the coverage you need in about five minutes. Enter your zip code and lower your rates today. It’s never been easier to save hundreds on car insurance.