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As a driver, you legally cannot get behind the wheel if you do not have a car insurance plan. Not only does it offer financial protection for you in case you suffer from injuries resulting from accidents on the road, but it offers coverage for pedestrians and car damage too. Naturally, the comprehensiveness of the coverage depends on the cost of car insurance premiums and the individual clauses indicated on your contract.
The most common plan available is charged on an annual basis. For this, a car insurance provider will give you quotations for premiums that apply for a one-year contract. But what if you only need to use a car for a week or two? Let us say that you are going on a business trip and you are borrowing a company vehicle for seven days. Instead of committing to a long term, one year contract which you would not be able to use up for the entire twelve months, you do have the option to sign up for a 1 week car insurance plan.
As the name implies, a one week car insurance policy will give you financial coverage in case you get involved in a car accident. Just as it is with any other type of insurance policy, there is a certain period by which this financial protection will remain active. Instead of committing to an entire year’s worth of contract, you can sign up for a week, a month or any other short term period instead.
This way, there is no need for you to pay twelve months’ worth of premiums if you will only be using a vehicle for one week. You can either go for the daily car insurance plan or the weekly insurance policy.
Making a comparison of the available 1 week car insurance plans is a way to get the best value for your money. Go online and look for companies which specialize in offering temporary car insurance plans in the UK. You can go for a daily rate, weekly or monthly rate depending on how long you will be needing coverage for.
To give you an idea about how to shop for the best temporary car insurance rates, here are a few factors to take into consideration:
The length of time that you need a car to be insured.
Although we are focusing on one week car insurance policies, it still pays to consider the maximum number of days that you will be requiring an insurance policy for. Since there are daily, weekly and monthly plans available, you need to consider the number of days that you will be needing car insurance coverage. If it is longer than a couple of weeks, then a weekly or a monthly insurance plan might be more cost-efficient.
The requirements for signing up.
Seeing as how a 1 week car insurance plan is a temporary type of arrangement, it definitely helps if there are not a lot of requirements for signing up. The basic documentation such as the registration of your car and a few personal legal documents to prove your identity should do.
The availability of renewal.
When you are going on a business trip, you will never know when you might need to extend your stay. To prepare for this, make sure that there is a renewal feature for the weekly car insurance plan that you will be signing up for.
Instant drive away insurance coverage.
There is such a thing as an instant drive away insurance coverage. If you are buying a car straight out of the showroom, for example, a weekly car insurance plan can give you ample time to go shopping for a more comprehensive plan which you can commit to on an annual basis.
Other features to look for.
Comprehensive or third party coverage, immediate cover, coverage for vans – these are the other extra features that you need to look for before signing your name on the dotted line of the temporary car insurance contract that you have chosen. Make sure that the one that you will end up choosing will suit your needs as a driver, no matter how temporarily you will be driving a vehicle.
