Most auto insurance policies are sold for one year in duration. Although this meets the needs of several drivers, some have more unusual requirements and now flexible cover is available for much shorter periods of time.
Short term cover in some countries is classed as a auto insurance policy from one to 28 days in duration. However, there are now a number of specialist insurance companies who offer flexible insurance for between one to six months.
There are even options dubbed “pay as you go”. This gives the benefit of not having to pay for insurance when it won’t be needed.
There are several situations where drivers may take out one day insurance . One is making sure you are adequately insured when using a friends vehicle. Although you may be able to drive another vehicle on your annual policy, securing an extra policy for this could protect any no claims bonus acquired. This could therefore be an attractive option for careful drivers who have not made a claim for years.
Another reason short term automobile insurance is taken out is to provide cover for an additional driver so driving can be shared on a longer trip or vacation.
Insuring an overseas visitor while they are here to drive is another popular reason. As is needing short term cover when taking a newly purchased vehicle home. Taking a test drive and requiring cover for a day can be another reason.
Not many van drivers actually own the vehicle themselves. This can be where 1 day insurance is appropriate, when you are borrowing a van for differing reasons.
For those bikers that are attending a biking convention or meet-up, temporary cover could be useful if the motorbike you are riding is not one you use regularly. This may prove economical if they use a car most of the year and will only be using the bike while they are away.
Popularity: 4% [?]
