InsuranceDependent on many factors, the cost of finding the cheapest automobile coverage can be either a walk in the park or an uphill battle. Middle aged female motorists with no tickets or accidents are likely to pay the best rates for vehicle policies than any other type of driver, when solely based on individual characteristics and excluding the type of vehicle to be insured. The fact of the matter is that a high risk driver operating the same exact type of vehicle can pay double or triple the amount of a low risk motorist and the possibility of paying a premium in full can be out of the question and the need to locate a carrier that is willing offer car insurance with no down payment with the remaining balance to be paid in installments may be the only feasible option to maintaining coverage.For certain motorists, the annual cost of an auto insurance premium can equal thousands of dollars, and some consumers can simply not afford to pay such an amount in one lump sum. For instance, teenagers, especially 16 year olds are charged extremely high rates due to the likelihood of them being involved in a traffic accident, which is more than any other age. The chances are, the average sixteen year old probably does not have a couple of thousand dollars lying around and are probably full time students; therefore, the only option of staying insured is by putting as little money as possible up front and making payment to continue coverage and fortunately, this is a possibility.