Here’s what to look out for: The insurance company has a lot of incentive to offer a good deal.
If they do offer it, you may be able to get it for a very low price if you pay them off in installments over a few years.
That’s usually the case for newer cars, but if you’re older you might need to take a longer-term view.
A lot of insurance companies will offer you a better deal if you use it for longer than the term you have left.
And if you’ve been in a car accident or have a damaged car, you could get more money out of it if you stay with the company for a few more years.