Glossary term
Down payment (first installment)
Down payment (first installment): The amount due at binding on a monthly plan—typically one or two months' premium.
Where this term matters
Guides and entries on this site that use the term.
Guide
Getting Your Own Car Insurance Policy at 18
How an 18-year-old buys a policy independently: legal capacity, documents needed, coverage to choose, payment plans, and how to keep the price down.
Entry
Why 18-Year-Olds Need Uninsured Motorist Coverage
Learn why uninsured motorist coverage is essential for 18-year-old drivers, what state data shows about uninsured rates, and how to verify your limits.