Tag: temporary auto insurance

Short Term Or Monthly Car Insurance vs Annual Car Insurance

English: A Dodge Magnum in the livery of Farme...
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Did your car break down and now you need short term car insurance? Did you know you can buy one day car insurance or up to six months? The benefits for purchasing this type of insurance is that it can be cheaper that annual insurance. Also, if you do not have insurance, then this is the best for you. You can buy inexpensive car insurance for the short term.

If you have a young person staying a short period with you and you want them to be able to drive, then you definitely want short term car insurance for young drivers. This way you could just buy the monthly car insurance and keep your own annual premium cost down while having insurance for the young driver.

Temporary car insurance can have many benefits. But, be aware of how to compare price quotes from different insurance companies. You can receive free quotes by going online and enter your information on the websites of your choice, then just check the different amounts of coverage, what benefits are available if you happen to need it, does it cover a rental car or a friends car that you will be driving. Find the right price and coverage that best suits your needs for temporary auto insurance.

The cost difference between short term and annual car insurance is with annual insurance the company is investing twelve months into you with the hopes of no payouts on a claim. They will check your record and drivers license to make sure you are a safe insurable driver. If you back out of your policy before the twelve months is up, you usually cannot be reimbursed. With short term insurance, all you have to do is prove you have a good driving record and a valid license. The type of car can be a concern, but with short term you basically get coverage and no other benefits that annual car insurance would give you.

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Classic Temporary Car Insurance

Classic temporary car insurance is very helpful for anyone who loans out their vehicle to another person. There are certain limitations and criteria that need to be met in order to obtain this kind of temporary auto insurance, both in terms of your vehicle and the actual situation.

In most instances you need to be over the age of 17 and hold a current and valid driver’s license. This type of insurance policy is specifically for someone who only needs insurance for 28 days or less. If you have special requirements, you may want to discuss these with your own insurance provider.

Here are the instances when you might find this type of insurance policy beneficial. It would definitely be a good idea to take out this type of insurance if you are loaning your vehicle to anyone. Also, if you have additional drivers that will be driving your car you do need to make sure that they are covered as well. Another time when it is very useful to be able to benefit from short-term insurance is immediately after purchasing a new vehicle. You do want to make sure the vehicle is insured on the drive home, as an accident could happen at any time.

It is also a very big saving financially to be able to buy short term car  insurance. The other option is to add a driver to your existing policy. However usually these policies are made for either six months to a year. Adding someone for an additional six months or a year to your existing policy will cause the price to go up a lot. Buying short term car insurance will be much cheaper in the long run. In fact many people ask the person who’s borrowing their car to pay for this insurance.

There are several different ways of obtaining this type of insurance. Perhaps the most convenient is to simply look for quotes online. You may also be able to contact your current provider and have them work out this type of policy for you. Or you can visit different insurance companies in your area and see what they can do. After all no one wants to end up with a damaged car and no insurance coverage.