What is the Downpayment Process with Allstate Car Insurance?

General
1

I’m considering switching to Allstate starting from November 1st, but I’m really confused about their downpayment process. Typically, a downpayment is supposed to lower your principal amount, reducing your monthly payments. However, it doesn’t seem to work that way with Allstate?

Here are more details:

They quoted me a monthly premium of $43, which totals $258 over 6 months. But when I opted to pay the entire amount upfront, they’re asking for $1262. The chat agent explained that this includes the downpayment. After discussing with the agent, it appears I would pay $1262 upfront, plus $43 each month starting from November 1st.

I’m completely lost here.

1 Like
2

Due to your credit or other risk factors, they are asking for a substantial down payment on top of the monthly fee.

3

I am currently with Allstate, specifically in NY. I’ll need you to make a payment of 50% upfront for the initial 6 months of the policy. So for the next 5 months, the cost will be lower.

When paying in full, you will receive the pay in full price.

If you’re considering switching, take a look at the 6-month price of your current insurance to determine if it’s a viable option.