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As a reminder, it is possible to get a policy with a lower or even no deposit payment required depending on the insurance company you choose. How Does Paying for Car Insurance Monthly Work? Your first month’s payment will include the entire deposit. So again, if your policy in total costs £1000, then your first month’s payment will be £300.
Buying a new car can be difficult but this guide tells you how to get best new car deals, how to haggle like a dealer and which are the cheapest new cars to run.
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Need car insurance – but don’t want to pay a large deposit? Buying car insurance without a deposit cannot be done because it would not then be a legal contract. However: some insurers will let you spread the cost over a full year with as little as a twelfth of the premium payable at the start and then a further 11 similar monthly payments.
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