If you’re looking for 30-day car insurance, you might be surprised to learn that most companies don’t offer that specific timeframe. However, there are other options available, depending on your driving situation.
What Is Temporary Car Insurance?
Also known as short-term car insurance, temporary car insurance is used when you need coverage for a short timeframe. In general, insurance companies write standard policies that last for one year. They don’t typically offer short-term options for a few days.
Some companies lure you into believing they can offer 14- or 30-day temporary insurance plans. However, they likely only offer a minimum six-month policy.
The shortest policy you can get from insurance providers is usually a six-month policy. If you want coverage for fewer days than that, you would have to cancel the policy. If you are already covered, ask your provider if your policy can be adjusted for temporary instances.
Depending on the type of temporary insurance you wish to purchase, you will have several coverage options. Many policies include one or more of the following:
- Comprehensive coverage
- Collision coverage
- Uninsured and underinsured motorists
- Loss of use
Temporary car insurance costs depend on what type of vehicle you’re insuring, how you plan to use it, your insurance history, and the length of the temporary insurance policy. It also depends on where you purchase the temporary insurance from. For instance, if you purchase insurance from a rental agency, it will probably cost more than a policy purchased through an insurance company.
When Do You Need Temporary Car Insurance?
Certain people benefit from temporary car insurance more than others. Some examples include the following:
- College students. If you have a child who attends college and drives a vehicle consistently, he or she needs insurance. However, if they only drive when they’re back home during summer or winter breaks, you might want to adjust the coverage to temporary. According to ValuePenguin, you can reduce your rates by $1000 to $2500 annually by doing so. Check with your provider, though, as some require all household members to be placed on a policy, no matter how often they drive.
- Babysitter. If you have someone like a babysitter who will drive your vehicle regularly for a short time, you should include this person on your insurance. When the person stops using your vehicle regularly, simply remove them.
- Drivers of a rental car. Before you decide you need temporary insurance to cover your car rental, check with your own provider as your policy might give you enough coverage. Also, some credit cards provide coverage if you use the card for the rental. However, some policies don’t cover a vehicle you rent for business purposes, so you might consider purchasing temporary coverage.
What Is Non-Owner Car Insurance?
If you regularly drive vehicles that aren’t yours, you might want to consider obtaining non-owner car insurance. This type of policy gives property damage liability and bodily injury coverage, which many states mandate. Liability coverage is for you and not the vehicle, so you will always have coverage regardless of who owns the vehicle.
In the long run, non-owner car insurance can work to cut costs. With a traditional car insurance policy, you sometimes end up paying for aspects that you don’t use daily. If you travel frequently, purchasing rental car insurance repeatedly might end up costing you more than it would if you bought a non-owner policy.
This type of policy is also beneficial if you frequently borrow vehicles from others. However, if you live with someone and find that you borrow his or her vehicle frequently, that person should include you on the policy. Failing to do so could cause the insurer to not pay for an accident, even if you’re carrying a non-owner policy.
The drawback to this type of policy is that it typically serves only as secondary coverage. That means it applies if the main policy, which the car’s owner holds, doesn’t have enough to cover the damages.
Another option is a usage-based auto insurance premium. This type of coverage is priced based on your driving behavior and is usually offered in standard six-month increments. If you’re a safe and infrequent driver, you might be able to obtain a significant discount to carry such a policy.
What Are Some of the Best Temporary Car Insurance Companies?
According to The Balance, some of the best temporary car insurance companies include the following:
- Allstate. This company offers pay-as-you-go insurance, so you only pay for how far you drive. Allstate offers a special program called Milewise, so you won’t be charged when you’re not driving your vehicle. Instead, you’re charged a daily, per-mile, or a cost-per-day rate.
- Dayinsure. If you’re wanting international coverage, consider Dayinsure because it offers temporary car insurance lasting from one day to one month. However, you can only get this type of insurance in the United Kingdom and the European Union.
- GEICO. If you’re looking for temporary car insurance with several vehicles, GEICO is your best option. The company claims to save up to 25 percent on multi-vehicle discounts, which is the highest amount of savings among reputable companies.
- Hagerty. This company is best for collector cars since it offers guaranteed values for collector cars and does in-house claims. It also focuses entirely on the collector or classic vehicles, so you can trust that it knows the industry.
- Nationwide. This reputable company doesn’t charge cancellation fees, so you can buy coverage and cancel whenever you don’t need it. It also has an online estimator tool that gives you a quote in just a few minutes. The company also has collector, classic car, and rental car coverage.
- Progressive. This company is one of the best when it comes to filing claims, thanks to its Photo Estimate Tool. Use your smartphone to take a photo of the damage and upload it to a claims specialist.
If you’re considering a 30-day car insurance policy, it’s important to know why you plan to have coverage for such a short timeframe. Also, know that some companies offer better incentives than others when it comes to temporary insurance coverage. By doing a little research, you can maximize your savings without sacrificing coverage.
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