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If short-term car insurance is in your future, you need to know that it doesn’t have to cost you an arm and a leg. Just as you can find inexpensive long-term policies, you can also get cheap short-term car insurance. The key to doing so is to understand how the short-term option works and the best place to get it.
 
Before going any further, it is important to define short-term car insurance. This type of insurance coverage is typically offered for 30 to 90 days and is designed for temporary driving needs. Some companies will extend the period to 180 days, but that’s not the industry norm.
 

 

Who Benefits from Short Term Car Insurance

 
Short-term car insurance is a product that benefits a very specific group of people. This group of people, for whatever reason, has no need to insure a vehicle for 12 months. They may own their own car or they may be borrowing a car from someone else.
 
For example, let’s say you wrecked your car in an accident and, because you had no collision insurance, you also had no money to replace it. You might borrow an unused car from a friend for a few months while you save money for a new car of your own. During those few months, it’s cheaper to ensure your friend’s car with short term insurance rather than continuing your 12-month policy.
 

Getting Quotes

 
Obtaining quotes for short-term car insurance it the same as getting them for a long-term policy. The fastest and easiest way is to use a website where you can enter your zip code and information about your car just once. That information is then submitted to multiple car insurance companies who will compete for your business.
 
If you use one of these websites and only receive one of two quotes, don’t be discouraged. Not all of the major car insurance companies offer short-term coverage. There are literally hundreds of specialty insurance providers that are experts in the short-term field; you may have to utilize one of them.
 
The idea here is to get as many quotes as you can so that you have plenty of data to compare. It’s likely you will get quotes from companies showing different rates for different periods of time. There may be one price for a 30-day policy, another price for 60 days, and so on. These are important things to compare.
 

Insurance Companies Round Up

 
In order to avoid administrative nightmares insurance companies offering short-term policies generally round up to the nearest month. For example, if you needed temporary car insurance for six weeks then you would pay for policy covering 60 days worth of driving. You will not get any reimbursement for the two weeks you don’t drive, so do not plan on it.
 
Should you need to renew your policy because your driving term is extended, you should have no problem doing so at least once. However, some insurance companies limit the number of extensions in order to prevent drivers from trying to save money with a perpetual short-term car insurance policy.
 
With quotes in hand, you can choose a company and get your policy. If you would like to see just how low your premiums could go, you might want to take the companies with the best quotes and pit them against each other to negotiate an overall lower rate. If you are a good negotiator, you might be able to get a much better price.

Cheap car insurance is on the minds of drivers all across America. Any means to save a little money, including the cost of our insurance, is on the table for Americans trying to stretch every dollar to its fullest. However, before you shop for cheap car insurance with the idea of looking only at the bottom line price there are five important things you need to consider.

Keep in mind that the lowest price does not necessarily mean the highest quality. You could find yourself in a real bad position if you purchase insurance that turns out to be inadequate.

#1 – The Cheapest Insurance Is Liability Only

The absolute cheapest insurance you could possibly purchase for your car is liability only. In Europe, liability insurance is known as “third party only” insurance. We reference that because the name explains what liability coverage does. It pays for any damages or injuries you cause to a third party involved in an accident. If you have an outstanding loan on your car, you will not be able to insure it with a liability only policy.

#2 – Some States Require Additional Coverages

There are some states, like New York for example, that require drivers to include uninsured/underinsured motorist coverage (UM) and personal injury protection (PIP) with their liability coverage. These two additional insurances add to the price of your premiums. In states where they are not required, you could save a little money by not purchasing them.

#3 – Collision and Comprehensive May Be Insufficient

It is still possible to get cheap car insurance even if you’re including collision and comprehensive coverage. However, keep in mind that for a brand-new car collision and comprehensive might be insufficient for the first couple of years. Why? Because there is a big difference in the amount of money you owe versus what your car is actually worth. To make up that difference it’s a good idea to consider purchasing guaranteed asset protection coverage (GAP).

#4 – Car Insurance Prices Fluctuate

It is not unusual for a driver to find an insurance company he likes then stick with that company for the rest of his driving years. That’s not necessarily a good idea. Insurance prices fluctuate on an annual basis due to any number of economic and financial circumstances. The company that provided your cheap car insurance last year may not be the cheapest today. Insurance experts recommend you review your policies and compare prices at least once per year.

#5 – Insurance in Canada and Mexico

The United States and Canada have reciprocity agreements in place when it comes to car insurance. That means you can travel north of the border without having to purchase any additional coverage. As long as you do not remain in Canada for more than six months consecutively, your American insurance will be sufficient. The same cannot be said for Mexico.

The Mexican government does not recognize American car insurance of any kind. In order to drive in Mexico legally, you have to purchase a policy from a government-authorized seller. As long as you remain within 100 miles of the border and your time in Mexico is limited, you can get a cheap car insurance policy for your temporary stay. However, move outside those boundaries and the price jumps drastically.

Car insurance is certainly a good thing if you can find a cheap car insurance policy that meets your needs here at http://ecarinsurance.net/. Nevertheless, do not settle for inadequate coverage just to get a cheap price. It may not be worth it in the end.