Short Term Car Insurance
Short term car insurance is the ultimate auto insurance solution for drivers who are seldom behind the wheel or for cars which are not used frequently. Auto insurance coverage is very important, especially at such a time when car accidents statistics have gone through the roof.
According to the Bureau of Labor Statistics:
The years 2005 saw about 6.5 million automobile accidents reported across the United States. The total cost of these accidents amounted to over $230 billion.
Approximately three million people suffered from severe injuries and over 40,000 lives were lost.
A report by the National Highway Traffic Safety Administration (NTHA) showed that in the US, auto accidents occur every 12 minutes on average.
Most of the auto insurance companies offering this type of coverage basically charge a flat rate depending on the duration of the coverage. This simply means that a regular per-day rate could be negotiated.
Majority of insurers usually offer a six months policy for the same price, and so it would be up to you to decide on a package that would best address your driving needs.
A key feature that you should look out for is if the coverage would extend to someone else driving your car with your permission. This would absolve you of any liability in the unfortunate event someone else driving your car with your consent gets involved in an accident.
The coverage offers you very reliable and flexible means of ensuring you car is safe on the road even when your car is temporarily in the hands of another driver. Short terms car insurance also spares you the pains of having to add names to drivers on your regular policy or having your no claims bonus stripped off.
The policy also covers any repair services that may be required during a road trip. In fact, most car rental firms have it as one of the mandatory requirements that a client has to fulfill before he /she can be allowed to lease a vehicle.
One of the benefits of taking this type of insurance is that you have the freedom to choose the period for which you want to have coverage, which ideally ranges from one day to 28 days.
Rates usually vary from one insurance provider to another, but this is by no means a barometer which measures the quality of the product. You need to conduct due diligence in order to find the right company. A good bet would be firms that specialize in this type of insurance product.
Whether you are traveling, buying a new car or you intend to share your car with friends, short term car insurance is a useful instrument that you should consider. It is much cheaper than including someone else in your regular policy.
There are several increments from which you can choose such as weekly, monthly, quarterly or even bi-annually. Make good use of the internet as this is where you would be able to get lots of information as well as free quotes.
