Most car and other vehicle insurance policies are still sold on an annual basis. However, to meet the flexible needs of modern driving, temp cover is now available for shorter periods of time.
Short term motor insurance is usually referred to as policies ranging from 1 to 28 days. However, short term insurance can be secured from one month up to 6 months or more.
There are even options dubbed “pay as you go”. This gives the benefit of not having to pay for cover when it won’t be needed.
There are many situations where 1 day temporary cover may be appropriate. One of the most popular is making sure you are insured when borrowing a friends automobile. Securing an extra policy for this could protect a no claims bonus built up if no claim has been made for a while. This could be advantageous for drivers who have not made a claim recently.
Temporary insurance also allows cover to be provided for additional drivers sharing the driving on holidays and other longer journeys.
Providing temp insurance cover for a foreign visitor is a situation where short term cover may be required. As is being covered for 24 hours when needing to drive a new vehicle home from a dealership. Taking a test drive and requiring insurance for a day can be another situation.
Several drivers of vans will either be hiring or borrowing the vehicle. This is where one week car insurancecan be useful, if you are using a van for a range of scenarios.
For those riders that are planning a summer road trip or perhaps attending a biking convention or meet-up, short term car insurance could be a solution. This could be very beneficial if they will only be using the bike while they are away.