For most motorists, annual car insurance is the only viable form of motor insurance. Assuming you use your vehicle on a regular or even sporadic basis throughout the year, you need to be covered for the full 365 days.
Elsewhere, there are those who choose instead to take out a temporary car insurance policy. Something that may sound strange on the surface, but can actually serve a wide range of important purposes.
What is Temporary Car Insurance?
As the name suggests, temporary car insurance provides coverage for a strictly temporary period of time. Depending on the provider, you could insure your car for anything from one day up to several months.
Temporary car insurance policies are usually fully comprehensive – third-party only and third-party fire & theft are not usually options.
Why Would Anyone Need Temporary Car Insurance?
A temporary car insurance policy has the potential to be both useful and cost-effective, in the right circumstances. On average, you can expect to pay around £40 for a day’s coverage, or £115 a week. This may sound a lot when considered on an annual basis, but these policies are for people who have no intention of using their vehicles throughout the year.
Just a few of the reasons why people take out a temporary car insurance include the following:
- Borrowing a car from a friend or family member for a planned journey or trip of some kind, and handing it back upon returning home.
- In all kinds of emergency situations where the person who normally drives the family car is unable to drive for a temporary period of time.
- When multiple motorists decide to share the driving on a particularly long journey, and each needs to take out a separate insurance policy.
- If you have a car that is reserved exclusively for holidays, business trips or excursions that only happen at certain times of the year.
- When working away from home for much of the year and only using your car during the shorter periods you spend at home.
- Borrowing a car from a friend or family member following an accident, which resulted in your car being scrapped and recycled.
When you think about it, they are actually quite a few scenarios where temporary car insurance could come in handy.
How Do I Get a Good Deal on Temporary Car Insurance?
As with most things, the key to getting a good deal on a temporary car insurance quote lies in shopping around. Rather than taking your business directly to an insurance provider, consult with an independent broker.
Your broker will compare the available options from an extensive panel of insurers, and will also negotiate on your behalf to ensure you get the best possible deal. Broker support can even help speed up and simplify the application process, if you me to get your temporary car insurance sorted in a hurry.
For more information on any of the services we provide or to discuss car scrapping and recycling in more detail, contact a member of the team at Take My Scrap Car anytime.
