If you need short-term car insurance, you have some options! Whether you’re adding another driver to your policy or just need temporary insurance coverage, there are many different ways you can get the protection you need without breaking the bank. Here are some things to consider if you’re trying to decide what to do with your auto insurance.
Step 1 – Do not buy the first policy you find
There are a lot of different short-term car insurance policies out there, and the one that’s right for you depends on your needs. Don’t just buy the first policy you find – take some time to compare different options and make sure you’re getting the best coverage for your needs.
Step 2 – Shop around
There are lots of different insurers out there vying for your business, so take your time and shop around for the best deal. Look at things like price, coverage, and customer service when making your decision. You can even get quotes online from some insurers.
Step 3 – Buy only from authorized dealers
To get the best deal on a short-term policy, it’s important to buy only from authorized dealers. That way, you’ll know that the policy is legitimate and that the company is reputable. Plus, you’ll be able to get help and support if you have any questions or problems.
Step 4 – Start your search early
One of the best things you can do if you need short-term car insurance is to start your search early. This way, you’ll have plenty of time to compare rates and coverage options from different insurers. You may also be able to find lower prices on other types of auto insurance, such as collision or comprehensive coverages. You may even qualify for a discount by bundling your home and auto policies with one company!
Step 5 – Get proof of loss as soon as possible
Once you’ve been in an accident, it’s important to get a proof of loss form from your insurance company as soon as possible. This will help document the damages and will be necessary when filing a claim. It also helps establish fault if you’re at fault for the accident or if there is no agreement on who was at fault. You should always try to take pictures or videos of the damage right after an accident so that it’s easy to remember what happened.
Step 6 – Pay attention to reviews and ratings
When you’re looking for a short-term car insurance policy, be sure to pay attention to reviews and ratings. This will give you a good idea of what other people have experienced with the company and whether or not they would recommend them. Also, be sure to check out the company’s financial stability rating to make sure they’re able to meet their obligations.
Step 7 – Pick cars based on mileage/km travelled per year
Assuming you drive an average of 20,000 km per year:
A sedan that gets about 30 mpg will cost you about $600 per year in gas.
A hybrid that gets about 40 mpg will cost you about $400 per year in gas.
An electric car that gets about 100 mpg will cost you about $200 per year in gas.
Based on these numbers, it would be best to choose a hybrid or electric car if you need short-term car insurance.
Step 8 – Use an app for your phone
Assuming you drive the standard 20,000 kilometers per year, you would multiply that number by $0.05 to get an annual rate of $1,000 per year. To get a monthly rate, simply divide by 12. That’s how much it would cost to insure your car for a month if you drove the standard 20,000 kilometers per year. Of course, if you don’t drive that much in a year, you could save money by insuring your car for a shorter period of time.
Step 9 – Use online comparison sites
There are a few different ways to find out how much different insurers will charge you for short-term cover. The quickest and easiest way is to use an online comparison site. This will give you an indication of the ballpark figure you should be expecting to pay. However, it’s important to remember that the quoted price is not always the price you’ll end up paying. Insurance companies use a variety of factors to calculate your premium, so it’s always worth getting a few quotes before making a decision.
Step 10 – Look out for rate reductions after first year
One of the best ways to get a great deal on your car insurance is to look out for rate reductions after your first year. Many insurers offer this, so it’s definitely worth investigating. Once you have your renewal notice, compare the new premium to the one you paid last year. If it’s significantly lower, give your insurer a call and ask why. They may be able to offer you a better deal.