Try Temporary Auto Insurance When Lending Someone a Car

There could be many instances where you may be required to obtain temporary auto insurance. If there might be an event where you simply need to get short term auto insurance as a stop-gap measure while you might be looking for a more affordable long term solution for your car, then you may want to look into the different types of temporary auto insurance and how they may be able to help. Some insurance firms today may offer comprehensive coverage or umbrella temporary auto insurance that could help cover you for all events.

First, you may want to understand what temporary auto insurance might be and why one may require this type of insurance. Temporary auto insurance may help provide coverage for a short period, from a few hours at a minimum to a few months at the most. This type of auto insurance may be more expensive than annual auto insurance, which could be why most people might only use it in cases where going without may mean nothing but a ticket to jail and possibly a hefty penalty in case of an accident.

Here could be some instances where short term auto insurance may be necessary:

1. When you might be driving your brand-new car away from the dealership to your home.

In this situation, you may need temporary auto insurance before you could make arrangements to get an annual insurance policy for your new car. Generally, car dealerships may have strategic alliances with specific insurance firms, and they may be able to offer you temporary auto insurance as you buy the car (sometimes, the temporary auto insurance might also come as a package with the car).

In such a case, you could likely be paying more, but you may have to sign on the dotted line for insurance before you drive off!

2. When you may be lending someone your car. If you might be lending someone your car for a brief period of time, you may have to obtain temporary auto insurance that could help cover your car as well as the new driver. In these cases, you might want to ask the person you may be lending your car to to buy the insurance policy him or herself.

This may save you the hassle and headache of any and all insurance issues in case the car might be crashed or totaled. Also, the policy being in the driver’s name could help ensure that your own record might remain clean. After all, there may be no way you could want your premiums to increase when a current policy lapses, especially if you might have had nothing to do with the accident!

To obtain more information on how to get short term auto insurance, please visit the article Monthly car insurance.