Numerous auto insurance policies are still sold for 12 months. As this is quite a long period of time and drivers needs may change during the year, short term motor insurance is now available on a separate policy providing as little as insurance for 24 hours.
Temp vehicle insurance is usually defined as cover for one month or less. However, there are now a number of specialist insurance companies who now offer flexible insurance for between one to six months.
There are even now extremely flexible policies available for longer than one month. This gives the option to switch cover on and off for periods when it will not be required.
There are many situations where 1 day insurance may be needed. One is making sure you are insured when using a friends automobile. Although you may be able to drive another vehicle on your annual policy, securing an extra policy for this could protect any no claims bonus acquired. This could be an attractive option for more experienced drivers.
Another reason temp insurance is taken out is to provide insurance for an additional driver so driving can be shared on a longer journey.
Providing cover for a foreign guest is a popular reason. As is needing cover when buying a new automobile either privately or from a dealer and needing to drive it home. Taking a test drive and needing insurance for a day can be another eventuality.
Not many van drivers actually own the vehicle themselves. This is where temp pay as you go insurance can be appropriate, if you are borrowing a van for a range of scenarios.
For those riders that are planning a summer road trip or perhaps attending a biking convention or meet-up, short term car insurance could be a solution. This could be cost effective if they only ride the bike occasionally.
Tags: insurance