No, insurance companies require a certain amount of money up front before selling a policy, so you can't take out car insurance without a down payment or deposit. Your car insurance deposit or down payment is usually a percentage of your total auto insurance premium. It's not a separate charge or fee. If you don't have any gaps or cancellations in your insurance history, you'll usually get a lower car insurance rate.
At Progressive, we offer an ongoing insurance discount. Learn more about how to lower your car insurance rate. Does your vehicle have appropriate factory-installed airbags and seat belts? If so, you can save up to 5% on complete front seat airbags or a passive restraint system in your car. This discount reduces the portion of medical payments in your car insurance premium.
You'll receive another discount simply for owning a home, even if your home isn't insured through Progressive's network of home insurance companies. The good news is that sometimes you can increase your coverage amounts by thousands and your car insurance rate will only change minimally. Some insurers may advertise that they have car insurance with a low down payment, but this usually means that you only have to pay the first month's premium. While this data provides information on the average cost of car insurance in each state, it's not customized for your specific situation.
This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. Adding your spouse to your car insurance policy offers some small but favorable benefits, including potentially lower costs and the convenience of having a single policy. Usually, you pay part or the full amount of your premium when you buy an auto insurance policy. If you live in a densely populated area and are at greater risk of having a car stolen, vandalized and your car damaged, you're likely to pay more for the part of your policy that covers comprehensive insurance and auto collision coverage.
On average, car insurance rates are higher when you're younger and decrease (or stabilize) as you age. For example, Progressive offers a discount when combining insurance policies, such as homeowners insurance, motorcycle insurance, boat insurance, recreational vehicle insurance, and more. There are a variety of factors that affect your car insurance rate, such as your age, location, driving history, use of the vehicle, accidents, type of vehicle, and more. Learn more about car insurance for teens, insurance for seniors, and how age affects your car insurance rate.
Progressive offers a discount for good students if parents add an eligible teen driver to their policy to reduce the cost of insuring new drivers.