Looking for car insurance with absolutely no deposit needed? Well, you might be in for a surprise. Long story short, there is absolutely no legitimate “no deposit” car insurance, and if you do come across a provider that is claiming to provide such a thing, you may very well be walking into a scam. This news may be a little disheartening for people, especially those who are trying to push their dollar as far as possible or those who simply want to save money so they can use it to pay off other necessities. However, though every car insurance requires a deposit, this doesn’t mean there aren’t a wide variety of insurance providers that are affordable and reliable. The following are a few reasons why “no deposit” car insurance does not exist, along with ways you can acquire cheap yet reliable car insurance.