3 Things To Know If You Need Temporary Car Insurance


Temporary car insurance is just what the name implies. It is auto insurance coverage that is only designed to cover a short amount of time. There are plenty of reasons people want to buy policies like this, but there are some things you should know about temporary coverage if this is something you are interested in buying.

1. Why people need it

The first thing to understand is the reasons people want temporary coverage. If you sell your car and plan to borrow a friend's old car that he or she is not using, you might plan to use this car for a couple of weeks or months while you shop for a new car. If this is the case, you may only want temporary coverage on your friend's car. If you plan to vacation for a few months and will be borrowing a car for this purpose, you may also have the need to purchase temporary car insurance.

2. The challenges of buying temporary coverage

The problem with buying temporary coverage is that it is hard to find. Most insurance companies do not sell policies that are temporary, and the main reason for this is due to the risks involved. When an insurance company insures a driver, they typically do so for at least a year, or longer. This gives the insurance company time to receive monthly payments for at least a year, and this gives the insurance company a chance to collect more money. If they insure a person for a month and have to pay a claim during that time, the insurance company would lose out a lot on the deal.

3. The best way to purchase temporary coverage

When you find yourself in this situation, you may need to purchase a six-month policy in order to get the coverage you need, as this might be the only option. If you end up not needing the insurance after a month or two, you could always contact the agency and cancel the policy. By doing this, you would not have to continue paying the premiums for the coverage. If you had prepaid for the policy, the insurance company would refund a portion of your payments.

If you need auto insurance coverage for a short amount of time, you may need to call around to find a company that is willing to offer this to you. You can learn more by talking to an insurance agent who works for a company that offers auto insurance policies.


12 September 2019

Always Know What Auto Insurance Discounts You Qualify For

I bought my first car after I graduated from college. I was just about to become a teacher and needed a car to get me to and from work! I chose an auto insurance company my boyfriend used and stayed with them for many years. I always felt like I was paying too much for insurance, but I thought that was normal. One day a fellow teacher was talking about her auto insurance rate, and it was a fraction of what I paid! She told me that most companies offer discounts for teachers, and I soon learned that my company did not give me one. I switched to another company and now pay a lot less. I learned a lot about insurance during this time, so I decided to start a blog to share what I have learned to help anyone who needs the help!