What Is Deposit Insurance?

What is the car insurance deposit?

  • What is the deposit you make on your car insurance? I'm not 100% sure. Do you get it back? I'm in the UK.

  • Answer:

    the deposit for automobile insurance is exactly that. you can compare it to a deposit on purchasing a home. no, you do not get it back, you continue to make payments until your contract is satisfied. hope this helps!

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