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Is Temporary Car Insurance Right for Me?

Posted on November 30, 2009
Filed Under Auto Insurance, Auto Repair, Car Auctions, Car Buying, Car Donation, Car Insurance, Car Rental, Car Stereo |

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Temporary car insurance is becoming ever more popular. The increase in the availability and usage of short term insurance policies is caused by a number of factors, not least of which are the rising cost of insurance and the financial hardships of our era. For numerous individuals, temporary car insurance policies are now the most prudent method of car insurance.

That said, of course, temporary car insurance is more expensive on a day-to-day basis than an annual policy. So, if you need an extended period of insurance, a temporary policy is the more expensive option.

Today, most temporary car insurance policies range from one to twenty-eight days in length and can be renewed at any point during that time, which makes things more convenient if your plans change and you need extra coverage.

The cost obviously varies from one insurer to the next and will alter depending on your personal circumstances, for example, how long you have held a license, whether you have recently placed an insurance claim, your age and any driving convictions you may have incurred.

Temporary car insurance is most commonly used among professionals or students who spend large periods away from home, but it can also be useful if you simply do not drive very often or if you are using a different vehicle for a short time. For instance, the majority of temporary policyholders spend the bulk of their time away from home and, therefore, unable to drive their cars.

Short term coverage is quick and easy to acquire. Most insurers encourage customers to apply online, as this is convenient for both parties, although, if you’d rather discuss a potential policy, you can also arrange your insurance over the phone. Whichever method you choose, if you are accepted, you can be insured on the same day.

In these days of high unemployment, more and more people are trying to find ways to trim their household expenses, but car insurance is sometimes overlooked. Therefore, if you or a member of your family does not need an entire year’s insurance, it is worth considering a temporary policy.

As mentioned above, price and eligibility will alter between insurers. Therefore, if you are interested in purchasing temporary car insurance, it is advisable to seek quotes from several companies to ensure that you are getting the best possible price for your policy.

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