Reader’s Question:

Is there a car insurance policy that will only give cover for a few weeks or less than a month?

Tony

Dallas, TX

Most people think that purchasing car insurance requires you to have a contract with your insurer for a minimum of one year. Well not anymore, there is a so called short term car insurance. This kind of insurance can provide a great solution if you have a friend or relative coming over and lending your car to him for a short amount of time. The idea behind short term car insurance is plain and simple because it will basically protect the car owner so the no claims bonus will still be intact. The coverage and policy of the driver behind the vehicle will take effect rather than the car owner. So in other words, there is less a problem or risk on the car owners’ side if an accident happens.

Another advantage of short term car insurance is it is much faster to transact compared to adding a driver to the car owners’ policy. If however you need this type of car insurance, be sure to check how long the insurance policy will last since most companies offer on less than a month. Be sure you can also renew the policy after the end of the contract since there are times you might need to extend it.