What You Need to Know About Short-Term Car Insurance
If you need to purchase auto insurance for a temporary period, you should consider short-term auto insurance coverage. You may not even be aware that such insurance exists, but it can be very convenient in certain circumstances. Many insurance companies offer short-term auto insurance, including Progressive Insurance, Countrywide Insurance and AIG Insurance.
Why Purchase Short-Term Auto Insurance?
There are many different reasons drivers choose to purchase short-term auto insurance. For example, you may require insurance coverage for any of the following situations:
Protection against floods or hurricanes for a stored vehicle
Temporary ownership of a vehicle
Foreign driver who is only visiting the US temporarily
Enjoying a national vacation in a rented vehicle
What is Covered By Short-Term Auto Insurance?
Regular annual insurance policies are very similar to short-term auto insurance coverage. For example, you can choose whether to include coverage for medical expenses, full collision repair and liability coverage with both types of auto insurance policies. In fact, many insurance companies consider a short-term auto insurance policy as the same as a regular policy that is renewed twice a year. You will receive insurance coverage for a period of 6 months, and you may be able to pay your premium in a one-lump sum or monthly. This will depend on your current financial situation and the policies of your insurance provider. The only difference is short-term auto insurance is the period of time in which you are covered.
