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Short Term Insurance For Cars - Reasons It May Prove Efficient
By Billy | July 27, 2010
Many auto insurance policies are still sold on an annual basis. However, to accommodate the growing trend for flexibility required by drivers today, insurance cover can now be secured for as little as one day.
Short term automobile insurance is often classed as policies ranging from one to 28 days. However, now flexible insurance can be secured for between one to eight months.
To add to this, rolling pay as you go monthly insurance is now available to drivers. This gives the benefit of being able to switch insurance on and off for periods when it will not be required.
One can think of many reasons where drivers may take out a 1 day car insurance policy. One of the most common is making sure you are protected when borrowing a friends vehicle. Securing an additional policy for this could protect a no claims bonus built up if no claim has been made for a while. This could be an attractive option for more experienced drivers.
Another reason temp insurance is taken out is to provide cover for an additional driver so driving can be shared on a longer trip or vacation.
Providing insurance for a foreign guest is another reason. As is requiring short term car insurance when buying a new automobile and needing to take it home. Taking a test drive and requiring cover for a day can be another scenario.
Many people who drive a van, don’t actually own one themselves. This is where one day car insurance can be very useful, if you are borrowing a van to move house or for other needs.
For riders that are planning a summer road trip, temporary car insurance could be convenient. This may prove economical if they use a car most of the year and will only be riding while they are away.
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