The Best Time to Consider Purchasing Temporary Auto Insurance

Temporary auto insurance is the best solution when you need to use your car for several days or weeks.

However, if you are looking for a long-term cover, you consider getting an annual insurance and cancel the former.

The ideal time to consider annual policy insurance

If you want temporary auto insurance for 30 days or more, it can be very cheaper if you consider an annual policy, but you will have to pay cancellation fee when you don’t need it anymore.

This is because the temporary cover is quite expensive per day as compared to annual insurance.

However, ensure that you take into account the cost of cancellation fee because they can shoot up to $300.

For instance, if you want to use a car for only a month, you may consider a temporary insurance of around $300 and an annual insurance policy of $200.

If you do the math, the total cost of the short-term insurance is more than the total cost of the annual policy.

In this instance, it is cheaper to cancel the annual policy.

But if you want to take a temporary cover for a couple of days, then short-term insurance is ideal.

What then is temporary auto insurance cover designed for

Temporary auto insurance come in handy when considering the following options:

  • Sharing the driving on a long trip in your friend’s vehicle,
  • Moving house,
  • Temporary use of a vehicle such as using your parent’s car when home from school,
  • Test driving a car.

Before you apply for a quote from your insurance provider, you will have to choose the number of days you want your vehicle to be covered.

Therefore, you need to think about it carefully.

Also, you should not throw away your money by taking out temporary auto insurance more than required.

The insurance cover is calculated per day.

Therefore, you may end paying for the cover even when you don’t need it at all.

Different insurance companies offer different policy term ranging from one day to 28 days.

However, there are those that cover for more extended periods.

Deciding whether or not you need temporary auto insurance

There is a significant difference between temporary auto insurance and annual insurance.

But short-term auto insurance will still provide you the same protection as the long-term cover.

So, it is up to you to choose between a comprehensive, fire and theft, and third party policy.

However, most temporary auto insurance providers will not provide you with third part policy alone.

Therefore, to get the best cover for your car, you need to determine which level is perfect for you.

Temporary auto insurance is an ideal option, but only when you are considering using your vehicle for a short period, say a day, week or a month.

It is cheaper this way.

You can also consider the cover if you are lending your car to another person.

However, if you are planning to use your vehicle for months, it is not a good option.

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