The company strives hard to encourage more people in getting the right auto insurance.
Generally, most insurance companies usually don’t offer weekly car insurance and only provide a minimum of six months or 1-year car insurance policies.
However, not everyone wants to buy a full auto insurance plan, and for those, getting a 1 week car insurance is more feasible. Temporary auto insurance is a great option for many people because they have to get this insurance only for the time period in which theyhave their rental car or if they need coverage for a car that doesn’t belong to them.
The team interviewed Laura Adams, Insurance & Finance Analyst at Car Insurance Comparison, to discover temporary car insurance uses and benefits that every car owner should know.
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. Let’s listen to her insights as to why getting temporary car insurance is an easy way to cover up the gaps when it comes to the insurance policy.
A 1 Week or Temporary Car Insurance
Weekly car insurance is a relatively new coverage option for those looking to help pay for short-term ownership of vehicles. These plans are mainly meant for those who will be borrowing or renting a vehicle for a small amount of time, such as students on college breaks, workers going out of town on business, or families planning road trips for vacation.
However, this type of insurance is hard to find, even though it can be very convenient and less expensive than the typical monthly car insurance policy.
The Uses of 1 Week Car Insurance
There are myriad benefits of using a 1 week or temporary car insurance; however, to help people, the most important ones are listed down so that more people can relate to it.
#1: Driving a newly purchased car
If someone just bought a new car and want coverage yet, they are not sure about which annual plan they should get, then 1-week auto insurance can provide temporary coverage to their new car until they find the best car insurance deal for themself.
#2: Borrowing a van from someone
People usually borrow a large car or van to transport a piece of big furniture or move house to move stuff easily. These tasks are limited to a few days, and here 1-week car insurance can be great to provide a short-term coverage for that borrowed car.
#3: Driving Practice
If someone isnew to driving and have started to practice car driving for a few hours a week, then weekly car insurance can be great for them. Later they can buy a proper annual auto insurance plan according to their needs.
#4: Using a personal car for work purposes
Suppose, due to some reason; someoneneeds to use theirpersonal vehicle for work or business purposes, then the annual insurance won’t cover it depending on the policy, which covers thecar for only domestic use.
Or if they need to travel to some other city to attend a conference for some days and they are using a personal car for that. In these situations purchasing 1-week car insurance may be the best choice.
#5: Students during holidays
Students who don’t have their personal car when traveling or coming back home for a holiday usually drive their parents’ car to get around the city. Even though a parent can add them to their child’sannual policy plan; however, this can be an extra cost if the child is only driving a car a few days a year. Instead, getting 1-week auto insurance is enough and a cost-saving solution in this situation.
#6: For emergencies
In emergencies where people need to take care of someone or drive them to the hospital for a few days in their car, a temporary or 1-week car insurance can be suitable.
While weekly car insurance might seem like the ideal plan, there are several things to keep in mind before committing to an auto insurance policy – and since this type of protection was made with renters in mind, consumers have reported being offered significant discrepancies as far as rates go as well as additional fees that might apply. So, interested people should conduct Car Insurance Comparison and research properly before purchasing any temporary or annual auto insurance plan.