Short Term Car Insurance
Most car insurance polices offer cover for 12 months, but what if you only require cover for a shorter period of time? This is where short term car insurance, also known as temporary car insurance, can be useful.
How does short term car insurance work?
Adding someone to your existing car insurance policy, such as a visiting friend or relative, can be risky because they could wipe out your no-claims bonus. However, by setting up a short term policy, whether it is monthly car insurance or daily car insurance, they can legally drive your vehicle without putting your discount at risk.
In addition, you may need to drive someone else's vehicle. By setting up short term car insurance you can cover yourself even if you only need protection for one day.
So with short term car insurance there is less risk to the standard policyholder, instant cover is available and setting up a policy is often quicker than adding a named driver.
Why would you need short term car insurance?
Short term car insurance is ideal for a number of people including:
- Those hiring a car or borrowing a friend's vehicle.
- Temporary additional drivers, which could include overseas visitors.
- Those lending a car to a friend or relative.
- Drivers who have just bought a new car and need cover as soon as they drive away from the dealership, but who haven't yet had chance to sort out an annual policy.
What to look for in a short term car insurance policy
Most short term car insurance policies are available for a period of one to 28 days. You should pay close attention to the period you are securing the car insurance for and you should enquire as to whether you can take out a new policy at the end of the term if you require it.
Temporary car insurance is available to anyone with a UK driving licence, although there may be a minimum age limit. Some temporary car insurance companies will also cover people with European or other driving licences, but don't assume that is the case - always check.
As with any standard car insurance policy you should pay less for premiums if you have a good driving record although the type of vehicle will also have an impact on the cost, with high performance cars costing more to cover than those with a small engine. For cheap short term car insurance shop around online as a number of specialist providers are available.
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