Short Term Car Insurance – Many people drive their car each day, while quite a few people drive occasionally. If you drive your car occasionally, then do you pay insurance premium for a car that you are driving rarely? Are you aware that there is insurance coverage for a single day as well? There are numerous reasons to have insurance for a day.
Many times you borrow someone else’s car or you only use your car on any holiday. If you are not using your car regularly, then why pay premium for keeping the car in the garage? There are options available to buy one day insurance for your car, instead of buying yearly insurance. There are numerous insurance agencies which insure your automobile for a short period.
Originally short-term car insurance or insurance for a day was introduced and offered to business dealers dealing in car sales industry, but subsequent to the year 2005 the huge market of one day insurance was recognized and was offered to general public. Shelling out yearly payment for vehicle insurance, which you use occasionally, is squandering your money.
But, if you buy insurance for one day only you will be saving money as well as getting the insurance for your needs. The rate of insurance depends on the period of insurance you take. It is your choice to either take coverage for one day or 30 days, however, if you feel that there is need, you can increase the period of coverage.
Many times there is a last minute trip to be made and for such time there is provision for last minute insurance coverage and the time frame is flexible to suit your needs. The most attractive part is that for minimum use of your vehicle you don’t have to pay insurance for the whole year.
This type of insurance coverage is made specifically for those drivers, who need it for short-term so that they don’t pay money for vehicle insurance that they don’t use or need. You can enquire about the availability and price of short-term insurance coverage from your insurance agent and make payment as the need arises.
Stop paying yearly insurance for a vehicle that you don’t use daily. Save the amount of car insurance and buy short-term insurance so that it is equivalent to your irregular driving practice. You can obtain short-term insurance coverage either through insurance companies or get quotes from the various online sites for insurance.
A Few Advantages to Using Short Term Car Insurance
There are times when a person could use some short term car insurance. This type of insurance coverage is for a short period of time such as a few days or weeks. You would not need to get this if you already have a full coverage insurance plan on your vehicle.
This is basically for people that will be driving for a short amount of time such as with borrowing another persons car for a few days. It can be applied to any vehicle the person will be using for the time it is needed.
The policy covers the same points for driving as a standard policy does. It will give you protection in case of an accident. This is important because in many states the law requires you to have insurance coverage if you drive a car. It is also beneficial if an unforeseen accident should occur you won’t be out a lot of money.
If you’re borrowing someones car and they don’t have coverage for other drivers you would owe a lot of money if an accident happened while you were driving. It would also affect your relationship with this person.
Most car rental agencies have insurance available when you rent their cars, so if you’re considering renting a vehicle you could inquire as to whether or not they provide coverage. If they don’t, you can get your own through an accredited insurance agency. You can also take advantage of the short term car insurance if you own a car yourself.
This would be good in situations where a person does not drive on a regular basis. There are people that only use a car for going great distances once every few months. You could purchase the coverage you need only during the time you actually need it.
People spend a lot of money on insurance that they usually never need to make use of. It’s nice to know that if you don’t drive on a regular basis you have an alternative solution to being covered when you do drive.
This will save you some money over having to purchase a full term policy that could cost several hundred dollars a year. If you already have an insurance company you do business with you could ask them about the shorter termed policies for use with cars. You may end up saving yourself quite a few dollars in the end.