No Deposit Car Insurance

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Compare car insurance from top UK’s leading car insurers with no or low deposits including:

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Why Compare Cheap No Deposit Car Insurance With SimplyQuote?

Finding any kind of car insurance can be a real hassle. There are so many different insurance companies with great reviews, and each offers a range of insurance products. It’s easy to feel like you’re drowning!

SimplyQuote takes the stress out of the insurance-finding process by allowing you to compare insurance quotes from leading companies in the UK. The online comparison tool is free to use, and you’ll receive no-obligation quotes. It couldn’t be simpler!

What Do You Need To Get A Quote?

Why Should You Get No Deposit Car Insurance?

What Does No Deposit Car Insurance Cover?

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What Are The Types Of No Deposit Car Insurance?

What Levels Of Cover Can You Get?

Which Add-Ons Are Available For No Deposit Car Insurance Policies?

Here are some add-ons you can get for your no deposit car insurance policy:

Breakdown cover

If you have third-party only or third-party, fire and theft cover, you can get breakdown cover added to your policy. This includes roadside assistance or towing your vehicle to a mechanic.

Misfuelling cover

If you fill up with the wrong fuel type, this cover will pay for any repairs (and it might also compensate for the wasted fuel).

Key replacement cover

Replaces or repairs lost, stolen or damaged keys.

Legal expenses cover

Offers you financial protection if you’re involved in a legal battle due to a motor accident.

Car seat cover

Replaces a child seat after you were involved in an accident, even if there’s no damage to the seat.

No-claims discount protection

Ensures you don’t lose your no-claims discount, which can lead to lower car insurance premiums in the future.

EU cover

Protects you and your vehicle if you drive outside UK borders.

Personal accident cover

Should you be injured and unable to work or disabled following an accident, this cover will compensate you financially for lost income.

Windscreen cover

Pays to repair or replace damaged windscreens.

Courtesy car cover

Financially compensates you for a rental car, or your insurance provider will provide a loan car while your own vehicle is being fixed.

*51% of consumers could save £529.95 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next five cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from February 2024 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.

How Much Does No Deposit Car Insurance Cost?

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How Can You Get Cheaper No Deposit Car Insurance Rates?

How To Compare Car Insurance Quotes With SimplyQuote?

Comparing car insurance quotes is as simple as 1-2-3-4!

  1. Tell us about yourself, including your personal and vehicle details.
  2. Select your policy and any add-ons you want.
  3. Receive and compare quotes from leading insurance providers.
  4. Save money by finding affordable deals today!
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Frequently Asked Questions

What is no deposit car insurance?

There is no such thing as no deposit car insurance. Any insurance provider will always require you to pay upfront (otherwise you’re getting free cover!). A no deposit policy simply means that the deposit amount is spread over 12 monthly instalments. You are still required to pay your first monthly payment upfront – the first payment just won’t be more than the next 11.

How much is a car insurance deposit usually?

You usually pay a 20% deposit on your annual premium. So, for example, if your policy costs £600 per annum, your deposit is £120.

Can I get a car insurance policy with a poor credit rating?

If you opt to pay monthly, your insurer will do a hard credit check to make sure you can pay the monthly instalments.

Those with a high credit score are more likely to be approved by insurance providers. If you have a low credit score, you can still be approved by your insurer, but you’ll have to pay a lot of interest on your monthly payments.

Can I use credit cards to spread the cost of my car insurance?

Yes, but only if your insurance provider accepts credit cards.

If they do, you can defer the initial deposit, as you would with a no deposit policy, and spread it over the next year. Consider getting a 0% or interest-free credit card if you wish to go this route, and make sure you have a good credit rating.

What are the key differences between paying monthly or paying the annual sum for car insurance?

When you pay car insurance annually, you settle the total sum once-off, and you don’t pay interest.

If you pay monthly, your first payment will include your deposit as well as the first instalment and interest. The second payment and onwards will be less than the first as you only have to pay the instalment with interest.

And, if you opt for a no deposit policy, all future payments will be the same amount as the deposit is spread evenly across the instalments.