What Are Your Best Options For Temporary Car Insurance?

Temporary vehicle insurance isn’t much popular but may be indeed advantageous. It is made for cars that are used for a short time only. Typical examples include renting a car or being part of a car-sharing service.

There are several ways to obtain temporary auto insurance, and it’s not always necessary to have another policy from your existing auto insurance. In this article, we will look into the best options for temporary automobile insurances.

Understanding Temporary Automobile Insurance

Temporary vehicle insurances usually cover periods of less than six months or even just some days at times. Most insurers will provide you with basic coverage if you need more than six months protection though. Acquiring one that is under ten days can however prove hard but possible.

There are various occasions when you might require short term automobile insurance. Maybe you’ve bought a new car which you intend to keep for a short period, or maybe while looking for cheaper long-term coverage, you want immediate coverage in place. Even if your regular auto insurance doesn’t cover them, rental car agencies demand such an insurance for brief use while your credit card may take care of it as well as other such cases like when using a car sharing scheme or hiring vehicle from an individual.

Options on Temporary Auto Insurance

While getting short-term automobile coverage from an insurer seems like the obvious choice, there are numerous other ways to get it. You might already have suitable policies through either your current insurer or credit card provider. Many leading credit cards will give rental cars and also vehicles driven on occasional basis some level of cover too.Therefore, common car covers may also suffice whenever driving someone else’s car temporarily and sometimes homeowners’ policies might extend similar services.

Before considering new policies check whether existing insurances companies offer temporary motor insurance by contacting your insurance company directly or checking on their websites .You could be quiet amazed with what they say.

Another alternative is to work with the vehicle’s owner. They need to find out if their insurance company covers such people on their policy. This means you might not need to get any other separate insurance at all.

Alternatively, a “non-owner liability” policy can be bought. However, this only covers the liability and not physical damage of the car. When you want temporary automobile insurance make sure you know what is being insured.

Coverage Options

Temporary automobile insurances may have options for coverage similar to those in ordinary covers like:

– Liability coverage

– Comprehensive coverage.

– Collision coverage

– Uninsured and underinsured motorist coverage.

– Medical payments.

– Towing

– Loss of Use Coverage

In most cases, your temporary cover is equal to that of your regular car. For example, if comprehensive has a $500 deductible in your case, it’s highly likely that a rental or short-term usage car will also carry the same deductible.

Cost of Temporary Auto Insurance

Determining the cost for short term auto insurance can be challenging due to the fact that majority of insurers offer plans for more than six months. In fact, insurers charge similar monthly premiums even when one opts for shorter-term plans compared to long period ones. For instance if you pay $80 as your monthly subscription then 6 months cover will cost $480.The costs depend on your driving history; age, value and make/model of the vehicle as well as its use and average miles driven.

It is rare that car insurance works on a contract basis. But you can always cancel early if you have to pay six months in advance and get a refund for the half of it that has not been used. You should also remember about your duties when buying an insurance cover.

Conclusion

Temporary auto insurance should be retrieved by anyone who only drives for a short period. It is illegal to drive without being insured, which might attract heavy fines or even imprisonment. At times buying temporary coverage may prove difficult because most firms do not provide this type of product for less than six months; there are still other options available. Alternatively, your current insurance or credit card could protect you, or else you could buy a half-year policy and terminate it later in order to be refunded. Engage in thorough research for the best and most cost effective alternative, otherwise consult an expert broker if need be.

Sebastian Lee

Associate Writer • Social Media and Cultural Trends Writer

Sebastian creates compelling posts, topics, and reviews of social media and cultural trends to help readers on what’s in and what’s out.