Car insurance is a must as buying a car is easy as compared to bearing its expenses. Road accidents are increasing day by day, and they can damage the car or even hurt you. In such a situation if you owe the car insurance, it would be easy as the company will bear the damage expenses. If you are not willing to have long-term insurance go for short term car insurance.
What is short-term car insurance?
It is also a form of car insurance, but the duration is relatively short. Most of the insurance companies give out long-term policy but looking at the requirements and needs of people there is also an option to get short-term car insurance. It is best when you are looking to take insurance for a rental car, lending a car to another person, or even while borrowing a car.
Explain the working of a short-term auto insurance plan?
It is nearly the same as regular plans where you need to check out different policies and sleet the one that satisfies all your requirements. Many companies are offering a temporary insurance plan, and so it is advisable to get quotes from different companies. It is you to decide whether you want to go for liability coverage, personal protection, motorist coverage, and many others.
Get a free quote and compare them to find the best policy that suits you. Short term car policy can be canceled within six months, and you will be getting a refund of the unused portion. So, if you are no longer in need of car insurance, you can cancel out and get a refund based on what you have paid in the policy.
When to take short term car insurance?
Many insurance companies are offering the opting to have short term insurance. These types of policy are advisable under the following circumstances:
- Most car insurance covers the family members in the plan. But in case any friend or relative is driving your car who’s not part of the issuance plan go for short term car insurance. It will help to bear the cost in case any accident occurs by the driver who is not covered in your regular car insurance plan.
- Many times, inexperienced drivers are also driving the car. So, checking the records, the insurance companies would increase premiums. Instead of paying high premiums to go for temporary car insurance until you are not perfect in your driving skill.
- If you are not about to use your vehicle, but still, there is a risk of theft or any other damage, it is better to go for such a short insurance plan.
- Sometimes people are looking r some extra coverage for car insurance so instead of making changes in the existing plan opting for a short term is a feasible option.
So, getting short term car insurance is also not a bad idea if your case falls in any of the above scenarios. Premium might indeed be high as compared to regard insurance plans, but if the scenario is uncertain, go for such a plan. Talk with insurance agents and seek advice to find the best policy to fulfill your needs.
