Do you know if there are any car insurances out there that will delay your payment for you until you get paid?
I just got a car and I don’t have money for insurance yet.. Are there any other options for me besides waiting until i get insurance?
No. Insurance is a contract – it’s not binding until you hand over money, by definition. Sorry.
You can’t buy lottery tickets and delay payment, either. Same principal.
How To Get Ohio Driver Insurance Coverage On-line
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No, I don’t think it works that way. You can arrange for the premium to be due on a certain day, but you can’t delay getting the insurance.
I don’t know what state you live in, but in some places, you can’t even get the title transferred without proof of insurance.
You’re taking a huge risk driving without insurance even if you intend to get it on payday. I have my insurance premiums deducted automatically every month from my checking account, but I have to make sure the money’s in there.
References :
No. Insurance is a contract – it’s not binding until you hand over money, by definition. Sorry.
You can’t buy lottery tickets and delay payment, either. Same principal.
References :
agent, 21+ years
Yeah, what they said..
Two golden rules of insurance:
1. Insurance is always paid in advance
2. You can only insure stuff that’s in your interest.
Once you policy is started, they may let you pick a due date for your next payment.
References :
http://ohio-insurance-forum.blogspot.com/
Next time you make a major purchase like this, think things through. I guess this means that you also don’t have at least 3 months of living expenses saved up on the side. What would happen if you got sick and couldn’t work for a while? Actually next time you make a small purchase, think through that too.
I don’t want to come off sounding mean, although I don’t think I succeeded, but there are so many people in backwards situations like this. I was once there too. A little financial literacy will go a long way.
References :
Nope, insurance is a gamble and if you want someone to pay to replace your car in the event of an accident you must put your "money on the table" first……no one is going to risk paying out thousands of dollars when they haven’t received a penny. Would you?
I suggest that you go with the state minimums and get on a monthly plan until you can afford better coverage….
References :
Good Luck
Lic Ins Agent