One Day Auto Insurance Explained
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If you do not have a car, one of the challenges that you may face when you either rent a car or borrow one from a friend is whether or not you need an insurance policy. Most of the time the thought of insurance gets lost in the shuffle. However, this is not a great idea. It is illegal to drive a vehicle without some form of insurance. In addition, since you are driving a vehicle that you are not familiar with, the chances of being involved in an accident will increase a bit.
There could come a time when you need a car to use for a single day. There are many reasons that you could use a car for a single day some of the reasons include:
- You just bought the car and need insurance to drive it away immediately.
- Visitors or relatives from another country need to drive a car for a short amount of time
- The vehicle is going to be sold soon
- The vehicle is going to storage and needs coverage
- You own the vehicle temporarily
- Your house guests need to drive the car for a short amount of time
- You are renting a vehicle for a road trip across the country
- You are currently between policies, but you still need to be on the road.
How Does 1 Day Car Insurance Work?
There are many auto insurance companies that offer short-term car insurance policies. These policies can be for as short as a day or up to six months. If you are a licensed driver you are likely going to be able to get this type of coverage based on your particular needs.
Temporary car insurance policies will provide the driver with the same amount of insurance as a traditional auto insurance policy. These policies are designed to ensure that a driver is not left without protection should they be involved in any type of accident. The policies may last just one day, a month, or a bit longer. Typically, a temporary car insurance policy will cover both liability and collision coverage, underinsured and uninsured motorists, and it could include medical payments for any of the passengers in the vehicle at the time.
The price for a temporary car insurance policy is based on several factors including location and the year, makes, and model of the car. A temporary car insurance policy will typically have a higher price structure than that of a regular car insurance policy. Even though a temporary policy might be more expensive than a traditional car insurance policy, it is important to remember you only have to pay for what you need so in the long run you are actually saving money.
Obtaining a Temporary Car Insurance Policy
The first thing that you should do if you need a temporary car insurance policy is to contact your current or your past insurance agent. While there are many insurance companies that provide this type of temporary insurance policy, there are still a few companies that do not.
You may want to do a quick search on the internet to get quotes from several different companies. Comparison websites will provide you with information about several different companies that offer this type of policy. This can make your search go much more quickly and smoothly.
When obtaining a temporary policy you will be asked to fill out a simple questionnaire. This will provide you with results in just minutes. Most of the online insurance companies will provide you with a policy that you can print out as soon as you complete the transaction. This makes it quite fast and easy to get the car insurance that you need as fast as possible, which is typically important when you need coverage immediately.
Rules for Getting Temporary Car Insurance
Most insurance companies will have a few stipulations about who will be eligible for a temporary car insurance policy. Most companies will require that a person be at least 21 years old. In addition, a policyholder will need to have:
- A driver’s license that is valid (at least a year old)
- Less than 6 penalty points in the past 3 years
- No past revocations or disqualifications of the license
- No more than 1 fault claim within the past 3 years
If you are in need of a temporary car insurance policy, contact your current insurance provider first as they are likely to provide you with the best deal. If you do not currently have insurance through a company, conduct a quick internet search to find a temporary policy that will best meet your needs. Most companies will be able to provide you with a policy for the amount of time that you need it for. Alternatively, use our quote finder tool at the top of this page to search for one-day car insurance policies with the help of Insurance Panda.