Posts Tagged ‘Temporary Car Insurance’
August 8th, 2010 | 
Author: Your annual Insurance policy can represent a considerable amount of expenditure; but there are ways to save money on your Car Insurance. Here are some top tips to help reduce your insurance premium.
The simplest place for you to start is to check your policy payment scheme – if you’re paying every month instead of yearly, you should change it. Insurers will usually just charge you the annual cost, plus a fairly large interest rate on top, meaning you end up paying a fair bit more. If you can, try and pay the whole amount in full up front. If this is a struggle for you, you could use a credit card (just make sure you have a card with a low APR rate).
You should also try and lower your risk category; obviously the easiest way to do this would be to change car, but you can also lower your risk (and therefore your premium) by keeping your car locked away when not in use or removing performance based alterations.
You should try and use price comparison sites to get a cheaper quote on your insurance renewal. When you do use these sites, make sure you utilise more than one of them (as not all of them compare the same set of sites), i would recommned using Go Compare and Money Supermarket to give you a good spread of results. It’s worth noting that there are a couple of sites (Direct Line and Aviva come to mind) that do not cooperate with price comparison sites and refuse to be included in their listings. So it’s always worth checking these companies separately, as they often have good deals available, particularly for new customers. Do a bit of research and find the big companies that aren’t listed on comparison sites, then use their websites to get an instant car insurance quote. You should then be able to make a far more financially sound decision regarding your annual insurance policy, which should result in you saving money.
You should keep your eyes peeled for deals that cater specifically for customer renewals; Direct Line offer a deal like this, guaranteeing to beat any previous renewal quote by 10% or more.
Depending on your situation, you could also look at short term car insurance, as this could be a cheaper option, especially if you drive very infrequently. Short-term policies (on the whole), range from 1 day insurance, up to 28 days, which is the upper limit with most insurers. If you don’t drive very often or regularly use someone else’s car, it could be a much better (and cheaper) option for you to go with temporary cover.
Posted in Auto Insurance | 
Tags: car insurance, cheaper car insurance, Temporary Car Insurance | 
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In general, car insurances extending over a year are purchased. This would often be a comprehensive insurance that covers the car and other road users. Insurance values are determined as fixed percentage of overall value/worth of the car. The value of the cover also referred to as the cover limit and the premiums (the regular savings) is proportionate to the value of the car.
On the other side, temporary car insurance provides protection only during the period for which you may require cover. It may vary from a few weeks to a few months duration. Though sometimes overlooked, there are several benefits of such type of temporary insurances. If you share the following car insurance needs, then temporary car insurance is what you need:
Using rental cars – It needs no saying that you will not use the rental car for a longer period, thus temporary Car Insurance will be your right choice. This is because some car rental companies would only have limited covers that would provide the cover for a driving within a neighboring state. In spite of not owning the car or using it for long, you will require car insurance at least for a short period. This cover therefore allows you to spend only the money that you need while allowing you the peace of mind during your journey.
Between show room and car insurance agent: Temporary car insurance secures your car between the car dealer or warehouse of importers and the car insurance agency. It may not necessarily mean the physical distance, but this refers to the time between the purchase of the car and the time your regular agent process all the documentations including comprehensive insurance covers.
When planning to sell the car: If you plan to sell your car and the insurance cover has expired, it may be prudent to buy a temporary cover which allows you to dispose the car without incurring too much cost. Most of the used-car buyers have preferences as far as car insurances are concerned. Thus by offering only a temporary car cover, you do not tie the new buyer to any particular car Insurance; this will give you an appreciable bargain.
Overall, you will be able to enjoy great flexibility when you purchase the temporary insurance cover, in addition to this you will also make lots of savings.
Insurance firms are launching new and innovative products to combat the challenge of staying ahead of the rest in an industry that is already overheating with competition. Life Insurance is one of the most common insurance policies out there that the average person who knows next to nothing about insurance has heard something about. But there are even other insurances available in the market that can range from medical to house and even car. In United States, there is a law that whenever an officer asks for papers, the driver of the car has to produce his driving license, car registration papers and insurance papers. That is to say that insurance is so important that if you don’t show proof of having been insured, you won’t be allowed to drive.
In the present day scenario, where the roads have become mean and people heartless, driving has become very dangerous. Therefore, what happens on the road goes beyond prediction and insurance will always come in handy. Car Insurance will help protect financially when the need arises if at all an accident happens.
With the competition increasing among insurance companies and the users less, new policies have been introduced to lure every customer. One such competitive Insurance is the temporary car insurance. This can be availed by those who are planning to go on a business tour to a different state or city and stay there for some time. Students who are coming home for a vacation and would like to use the car and tourist from other states who are on a visit can also apply for temporary car insurance.
Insurance companies just do not give away the insurance policies to everyone who has applied for. The first thing they will look after is the driving track record of the applicants. If they are found to be good and have a clean record they are sure to issue the insurance with an ease and also at special discounted prices for the premium they will have to pay. For those who have a very bad track record of the driving may or may not get the insurance, which depends upon the companies authorities. Even if they give insurance, the amount to aid for the premium will be more which means that particular person will have to shell out more money.
Though, temporary car insurance is for a short period, the benefits enjoyed by customer’s remains the same as the policy holders who have an annual package to their account.