Insuring your car can be expensive, if you are a new or young driver then you will already realise how expensive it can be to get insurance as a new driver. As you build up your no claims the cost does come down significantly but what about now, how can you find affordable insurance. What about getting car insurance with no upfront deposit?.
You may have considered all of the ways that you can reduce the cost such as buying a low group insurance car. If you have already purchased a car and are now looking to get cover for it then there is not much that you can do about the insurance group that your car is in. You can however install a recognised car alarm or immobiliser if your car does not already have one. You can also park your car off road at night to further reduce the cost of your premiums.
Realistically though many of the factors that affect how expensive your premiums will be are not under your control. Your age and lack of experience behind the wheel will be more significant factors in your insurer determining the cost of getting insured.
Your alternatives are to spread the cost of your policy over the year with monthly payments. This will allow you to reduce the impact of having to pay out your entire premium at once. Many insurers now offer a monthly payment option but you will usually have to pay an upfront deposit which can be as much as two months equivalent of premiums. This still works out at a quite a significant amount of money to find all at once.
There are however now ways that you can get car insurance with no upfront deposit and just pay 12 equal monthly payments. A direct debit is set up to pay your monthly premiums and you can cancel at any time with no cancellation fees making it a very flexible type of car insurance.