When Should You Purchase Temporary Car Insurance Coverage?
Companies advertising one-day, one week or one month temporary car insurance might not offer the very best coverage suited to your individual needs. Temporary drivers often have to quickly change the coverage for their temporary needs, or might consider other alternatives, like short-term auto insurance or non-owners car insurance. There are many different types of insurance for the short term. But there are some things that you need to be aware of when considering short term car insurance.
Be cautious of what you sign. Read through your coverage contract thoroughly before signing it. It will help if you can compare it to an insurance card to make sure that all your information is correct and reflected accurately. Make sure you know if you are able to choose your own deductible. You might also want to find out if the rental car insurer will cover your own damage should the car get damaged while in the renter’s care.
Get a limited time-frame. Some temporary car insurance policies provide coverage only during a specific time frame, usually for a week or less. So if you are in the market for a one-week policy, make sure it states that you can only use it for a week. And if the policy says you can extend the temporary coverage, check how long it takes for you to receive reimbursement.
Compare rates from six-month and one-year policies. Some insurers give a discount for policies that are in effect for a shorter period of time. Look at rates offered by smaller insurers as well as larger insurers. Short-term auto insurance policies are intended to be effective for a month or less. So you might find some small insurers that offer slightly lower rates than larger ones.
Purchase temporary car insurance online. The easiest way to purchase temporary coverage is to visit an online auto insurance comparison site. Just enter your driving information and the quotes you get will prompt you to select the type of coverage you want. When you are done choosing the amount of coverage, simply click “buy” and your policy will be shipped to you via mail. The benefit to this method is that you don’t have to deal with a single insurer but instead can choose six or more insurers to compare rates.
Purchase the full year’s coverage. If your goal is to have your car insured for a year, consider purchasing the full year’s coverage. This is usually less expensive than purchasing temporary policies and provides coverage throughout the entire year. However, it is also important to note that many insurers will require that you use your vehicle for six months or more before they will insure your car for the full year.
Get short-term car insurance coverage. Many people choose short-term coverage when they are involved in an accident that requires them to pay out-of-pocket immediately. Examples of these would be damage from fire or theft. In many instances, temporary insurers will offer you short-term coverage at a lower rate until you find a more competitive short-term insurer. This solution can help you avoid paying high premiums in the long run.
As you can see, there are several options available to you when it comes to finding car insurance coverage. The most important thing you can do is to be proactive. Look into different options and weigh your options. Don’t settle on one choice, unless you feel it is the right choice for your situation.
Look around and ask about temporary coverage. Many insurers have websites that offer information about short-term policies. You might want to take advantage of this. Look to see if you can find discounts through other sources such as your employer, the government or other institutions. Also check with family members, friends and co-workers.
As mentioned above, most insurers only offer short-term policies. For instance, while you are waiting for a six-month car insurance policy to expire, look to another provider to buy your coverage. While this may seem inconvenient, if you don’t have insurance companies offering coverage you are going to be without it. It’s best to be prepared in case you suddenly find yourself in need of short-term insurance. If you find that you’re suddenly unemployed or have an incident, you want to be covered during these uncertain times.
As you can see, purchasing temporary car insurance coverage isn’t always a bad idea. In fact, it can save you a lot of money on your current automobile coverage. You need to determine the length of time you will need the coverage. If you purchase a six-month policy, look to purchase another one before the end of your temporary coverage. This way you’ll be covered during what seems to be an extremely bad time for car insurance policy.