One Day Insurance Essay
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 …show more content…
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