Delaney Simchuk, Car Insurance Writer
No insurer offers first-month-free car insurance, but you may be able to lower what you pay up front by finding a cheap policy. No matter what, you will always have to pay something up front to begin insurance coverage, and this upfront payment is often referred to as a “deposit.” Typically, this upfront payment will be your first month’s premium, so a cheaper policy will have a cheaper deposit.
Key Things to Know About First-Month-Free Car Insurance
- Reputable car insurance companies do not offer the first month of coverage for free. If a car insurance company is advertising a free first month, they are likely not trustworthy and should be avoided.
- Insurance companies sometimes charge even more for your first month due to administrative fees like checking your driving record and initial underwriting.
- You will likely save money in the long run if you pay in full up front since many insurance companies offer discounts for paying in full.
The easiest way to make sure you have a low payment for your first month of insurance is to find the cheapest policy possible. You should compare quotes from at least three companies to confirm you’re getting a good deal. Other ways to keep your insurance rates low include looking for discounts, choosing a high deductible, and driving safely.
To learn more, check out WalletHub’s guide to cheap car insurance.
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