Many car insurance policies are still sold for one year. As during a 12 month period the needs of drivers may change, short term insurance can now be secured potentially providing a better value and more flexible solution.
A widely accepted definition of temp auto insurance is short term insurance lasting from a minimum of one day to one month. However, there are now a number of specialist insurance companies who offer flexible cover for between one to six months.
To add to this, the popularity of pay as you go cover is available. This gives the benefit of not having to pay for insurance when it won’t be needed.
There are numerous scenarios where 1 day temporary cover may be convenient. One is making sure you are adequately insured when using a friends car. Although you may be able to drive another vehicle on your annual policy, taking out an additional policy for this could protect any no claims bonus acquired. This could be a good option for careful drivers.
Another reason temp insurance is beneficial is when needing to provide protection for a driver sharing the driving on a longer journey.
Providing insurance for a foreign guest is another reason. As is needing temporary cover when driving home a new or second car home after purchase. Taking a test drive and requiring insurance for a weekend can be another eventuality.
Many drivers of vans will either be hiring or borrowing the vehicle. This can be where pay as you go car insurance cover is appropriate, when you’re using a van for a range of scenarios.
For those bikers that are planning a summer road trip, temp cover could be a solution if the motorbike you are riding is not one you use regularly. This could be cost effective if they only ride the bike occasionally.