Temporary car insurance provides you with a short-term solution to your insurance needs, so you can avoid the cost of taking out a full twelve-month policy. As with all insurance policies, there are a few initial hurdles to cross. The minimum age is usually 21 and policies are normally reserved for drivers between that age and 75. As long as you don’t have any serious convictions, you should be good to go.
A temporary policy
There are all sorts of reasons for taking out a temporary insurance policy. Instead of adding your name to an existing policy, such as cover for your parent’s car so you can move your kit to university or spend a weekend with friends in the country, a temporary policy will normally save you, and your parents, money. Motor trade insurance usually lasts between 1 and 28 days.
Motor trade insurance requires you to be completely honest with the insurer about what you want the vehicle for, before any cover can be provided. Certain restrictions apply to all policies. If you wreck your Mum’s Mini, while taking part in the RAC rally in Wales without the insurer knowing, it is likely to be extremely embarrassing explaining to the insurance people why you were half way up a mountain near Abergavenny instead taking your trunk back to college – and then there is the question of buying Mum a brand-new car.
Getting temporary cover
If you are using someone else’s vehicle and you have their permission, you will need to provide the insurer with certain information. In addition to your personal details, you will need to give details of your driving licence, penalty points, and any previous claims, as well as giving the identity of the vehicle and the duration of the cover period. This can normally be done online or over the phone (www.quotemetoday.co.uk/motor-trade-insurance).
As with any insurance policy, always read the small print carefully. If you are buying a new car, avoid any special offers for short term cover until you find an annual policy. You are much better off with a new policy from the outset. Make sure you are aware of any excesses that may be incurred in the event of a mishap. The excess charge may seem reasonable until you collide with a tree.