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Low Deposit Car Insurance

Cheap Car Insurance with Low Deposit

  • Compare 110+ providers & save up to £504*
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  • 97% of reviewers recommend us

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The quote l got was the cheapest on all the comparison websites


I used other sites to get a car insurance. Quotezone was by far the best. I took a car insurance with an insurance company that they suggested. Since then I had an accident and the insurance company was great and I am very happy with them. To summaries I got a great deal from the financial aspects and also from the customer services aspects. I have already recommended Quotezone to a number of friends and as far as I know two of them have insured their cars via them.


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Low Deposit Car Insurance

Compare Low Deposit Car Insurance

When you opt to pay for your car insurance on a monthly basis instead of annually you’ll usually have to pay an initial deposit for that policy, followed by a series of regular monthly payments for the subsequent months.

Unfortunately some car insurance policies that are paid in this way will require a larger initial payment, followed by smaller regularly monthly payments, which can pose a problem if cashflow is lower right now than it’s likely to be in the future. 

Fortunately, there are some car insurance companies that break the total cost of the policy down into 12 equal amounts, which results in a lower deposit for that car insurance policy at the beginning. 

By comparing car insurance quotes via Quotezone.co.uk and choosing the ‘pay monthly’ option you’ll see not only the total premium each of the 110+ car insurance companies on our panel are offering you, but also how much require for that initial deposit and how much they require for subsequent months. 

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Why isn’t every policy a low deposit car insurance policy?

When a car insurance company offers you a monthly payment plan they’re essentially offering you a line of credit, and they may set a higher initial deposit on this credit in order to reduce their credit risk. After all, if you default on your monthly car insurance payments, but you paid a larger deposit when you took out the policy, then that insurer’s credit risk is reduced a little. 

I’ve been told ‘low deposit car insurance’ is a myth, is that right?

No, there’s a good chance the person who told you this might have been confusing low deposit car insurance with “no deposit car insurance”.

Some insurance providers are willing to split their monthly repayments into 12 equal amounts rather than charging a larger lump sum upfront, which results in a lower deposit car insurance policy. 

No deposit car insurance, on the other hand, is largely a myth, because few insurance providers will be willing to offer you a monthly payment plan on your car insurance without taking an initial deposit at the start of the policy.

Why would I care about low deposit car insurance though? I’m still paying the same amount overall, aren’t I?

Yes, whether your car insurance provider requires a larger upfront deposit followed by smaller monthly repayments, or a series of 12 equal monthly repayments, you’ll usually stay pay them the same amount overall. As such, low deposit car insurance may not be much of a concern for drivers in their 40s, 50s or 60s, since their premiums are likely to be reasonably affordable anyway.

Young drivers, on the other hand, may be more interested in low deposit car insurance policies, because if someone aged 17 to 21 has to pay an annual premium of £3,000 or £4,000 then they’re probably going to want to ensure that the initial deposit isn’t 20% of 25% of that total.

How can I ensure my initial car insurance deposit is as low as possible?

Besides using Quotezone.co.uk to find car insurance providers that break their monthly car insurance payment plans into 12 equal monthly repayments, the most important thing to ensure your car insurance deposit is as low as possible it to take whatever steps you can do to reduce your overall premium. With that in mind, you should try to:

  • Choose a car in a lower insurance group
  • Consider telematics insurance (or black box insurance, as it’s often called), which can reduce your total car insurance premium by up to 20%
  • Consider taking the ‘Pass Plus’ or ‘RoSPA Advanced Drivers and Riders’ test, which can help to demonstrate that you’re a safety-conscious motorist.

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*51% of consumers could save £504.25 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 September 2023 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.

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