Car sharing can be a great way to drive less and save money on your vehicle insurance. The practice has been growing rapidly throughout the UK over the past year. More people are now choosing to take this approach as they save money in the long-run by not having to purchase fully comprehensive insurance cover for their vehicles. In the UK, car-sharing has grown into a significant sector with many insurers now offering a range of short-term policies.
Temporary car insurance policies can offer great value and allow you to drive a friend’s or relative’s car whilst you take out a full policy. Temporary car insurance policies are usually purchased in conjunction with a full-auto insurance policy. Car sharing insurance is a cheap, short term, standalone product which sits alongside your annual car insurance policies, allowing you to borrow someone else’s car for up to 30 days either for short periods or up to a month. Temporary cover can usually be purchased up to a month ahead or be bought in advance, making it an ideal choice any time you require to borrow a car while on holiday.
As well as offering great value, temporary car insurance policies can also help protect you from having to pay a large excess fee should you have to make a claim. Car borrowing insurance policies are often purchased for the period you need them for. Therefore if you plan to borrow someone else’s car over the summer, you could pay more for a temporary insurance policy than if you opt for a more traditional car insurance policy. However, if you do decide to take out a temporary policy while traveling, make sure you are covered throughout the term of your borrowing. This is because you will want to drive your car and therefore be protected against damage or theft.
Many temporary car sharing policies are available online and through a range of agencies and brokers. It is essential that you check the small print of any policy you are considering taking out before you purchase it. You should ensure that you have adequate cover for any eventuality. You may find that car sharing is simply the ideal way to meet your car insurance needs when on holiday without having to make a long term commitment to a car insurance company. However, if you decide to take out a traditional car insurance policy while on holiday, there are a number of benefits to be found.
As well as providing cheap, short term insurance policies, car sharing insurance also offers you peace of mind. The majority of temporary car insurance policies are similar and offer the same benefits such as European cover and third party fire and theft. They are usually designed to provide you with peace of mind by covering you if you borrow someone else’s vehicle during your vacation.
In the past, carpooling services have been considered to be informal and not financially viable for most families. However, as people become more aware of the benefits of carpooling, they are opting to meet these needs through the purchase of temporary car insurance policies. As many temporary car insurance policies are comparable, there is no need to make the decision of whether or not you want to take out a temporary policy based upon cost alone.
The best way to determine whether or not a car insurance policy is worth taking out is to ask yourself what the alternatives would be. Would you feel unable to drive your car if it was stolen or damaged beyond repair? Would you pay out of your own pocket for repairs to your vehicle? These are the kinds of scenarios that a car insurance policy is designed to prevent. It is important to note that most temporary policies will only provide you with European cover – it is far more practical to opt for European car insurance while you are on holiday instead.
Temporary car insurance policies do have one disadvantage – they aren’t an actual legal driving permit. If you decide to cancel your temporary car insurance policy before your usage has ended, you will have to obtain a full driving license in order to drive your car again. Car insurance policies in the UK vary depending on the type of car you drive and your age, so if you have plans to drive a different car while staying in another country, make sure you purchase an appropriate insurance policy. Buying car insurance is not as simple as it may seem, but with a bit of research and by knowing exactly what you want in a policy, you should be able to find something suitable for your needs.