One Day Insurance Essay

915 Words 4 Pages
Do you need insurance for a vehicle, but only need it for one day? Most policies for auto insurance will offer coverage for six months to a year. However, you may find that one day insurance will be a perfect option for your needs. You may want to review some of the basics and then decide if one day insurance is something you will need.

The Nitty Gritty

A one day insurance policy for a car is a form of short-term insurance. This means coverage is available only for a short amount of time. Do you know that you need to have some form of insurance to drive an automobile legally? If you are borrowing a car or are purchasing a used car from a friend, car insurance will be necessary. You do not want to risk a hefty fine for driving a vehicle
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Parents may not want to add a young driver to their policy right away. If a weekend trip is planned, then a coverage that will last one day is ideal. Someone who owns a classic car and attends car shows may want to have coverage for one day if this is the length of time the car will be used. One day insurance for a vehicle may also be an ideal option when an unexpected move its needed.

The Cost of Insurance

The price you will pay for one day insurance for a vehicle depends on many factors. These are the same factors that are used to set the price for a regular auto insurance policy. The premium that is paid for the day is based on your driving history, the make and model of the vehicle, and security features. You may pay a bit more for a policy if you have too many accidents or traffic violations. However, you could get a discount the vehicle for your one day insurance policy has a security system.

One important thing to keep in mind is if there will be multiple people driving the vehicle, If this is the case, then an important thing to do is add everyone to the policy. Keep in mind that the cost may go up if there are any issues with the driving history of the other

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