Life can throw a lot of unexpected situations at you, and while you might not expect it, you may end up needing car insurance coverage for one day.
1 car insurance falls into the 'temporary' category of policies. This type of coverage typically lasts anywhere between 1-28 days, as dictated by you, the customer.
Carriers often try to charge a premium or have special rules for short-term plans, so it's important to be informed. In the following article, we'll break downs the ins and outs of short-term policies so you can act with confidence. Specifically discussed are….
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Policies that last for only 1 day (or a short period of time) are obviously designed for singular use. There are many scenarios where getting one-day insurance makes sense.
Basically, whenever you need to drive and aren't insured, 1-day car insurance is a smart stop gap.
One day or temporary plans can be designed to cover a wide variety of needs, but standard offerings will normally include:
Of course, you can always add someone (or be added yourself) to an existing policy if the need comes up. However, different carriers have different prices and restrictions on this so it may not be the smartest or most cost-effective solution.
If the need for a claim arises, you could negatively affect either your own policy or that of the one you've been added to. This can cause sticky situations betweens friends or family members. The better option is likely to purchase your own on temporary coverage.
In most cases, carriers will be happy to serve people (with good driving records) between the ages of 18 - 75. In the case of temporary insurance, you may find that some providers are unwilling to accept drivers under the age of 21. Drivers between the ages of 21-25 should not have any issues.
Additional, roadblocks to obtaining single day coverage are DUI/other driving infractions, a high number of points on your license (depending on the state) or history of making many claims.
One day or temporary insurance should not be considered a viable or money saving alternative to getting an annual insurance plan. But there are some key benefits to having it.
One day policies are available for a lot of people and they're a good solution to many different situations. Buying the policy itself is easy.
The majority of companies make it possible to purchase online or over the phone. And it takes just a few minutes to get a quote, so you could be all set in a matter of minutes.
As with regular car insurance, actuaries consider the driver's age, their vehicle, their driving history and a number of other data points in determining the price.
If you're considering one-day insurance just be sure to remember the basics:
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