Most people have heard of really cheap
car insurance sites like
(very, VERY cheap!) but
have never heard about
temporary car insurance, which shouldn't actually be
surprising, because most people never find
themselves in a situation where they think about it.
It's not the best fit for everybody, but there are
many circumstances in which it is the optimal
solution for your particular situation.
Obviously, people don't enjoy thinking about car
insurance. Bringing up the subject also brings up
discussions about premiums, thoughts about what
would happen if you were in a car collision, and
concerns about spending time comparing policies. In
the end, it sounds like a great deal of work, all
for something intangible that is hard to justify to
the less rational part of our minds.
That said, it is a much bigger mistake to go without
insurance that it is to go with it. Obviously, there
is the threat of legal repercussions if you do not
have insurance, but there is more to it than that.
If you find yourself in a car accident without
adequate car cover, you could easily find yourself
in massive debt. The payments could take years to
take care of, and they would be a constant burden on
your financial situation, possibly hurting your
credit rating as well.
Even if you have insurance, not taking the time to
pursue all of your options can be detrimental. It's
not fun to sift through policy information and
premium quotes. Nobody is saying that it is. But the
fact is, it is worth all the extra work because, in
the end, you will end up spending less each month,
and you will be adequately prepared if you find
yourself in a car accident.
If you don't know anything about temporary car
insurance, you might be missing out. If you only
drive during specific periods of the year, you are
wasting you money by signing up for a full year of
car insurance. Temporary car insurance saves you
quite a bit of financial hardship by eliminating
payments during the parts of the year that you
If your comprehensive policy is protecting your from
threats such as blizzards or hurricanes, that's
great. Then again, why protect yourself from a
blizzard during a blistering summer? You can take
out a separate temporary policy to protect yourself
from a blizzard during the winter months, without
needing to sign up for one all year. The same goes
for hurricane season. Don't let opportunities like
this pass you by.
Think cautiously about the kind of insurance that
you buy. As with "normal" insurance, you can sign up
for any level of cover that you want with a
temporary policy. The best way to choose an
insurance plan is to have a plan for what you will
do, from a financial perspective, in the case of a
car accident. How much would you be able to pay for?
Choose a plan that reflects this.