There are of course many situations in which you may require insurance for a short period of time- perhaps you're borrowing a friends car, whilst yours is being repaired, or need to lend a relatives van to help you move house. It used to be that the minimum period for a car insurance policy was 12 months, but thankfully it's now possible to get temporary car insurance, which can be particularly useful at times. What's more, most of the companies that offer short-term insurance do so over the phone or internet, making it even more convenient for you to get on the road at short notice.
Don't use 'named driver'
Traditionally if such a need arose you would have had use the 'add a named driver' function on the vehicle's current policy holder. This can work out more expensive, with further problems arising in the event of an incident, as the policyholder themselves would have to claim (though not necessarily at fault), and their premium would rise a result, losing any existing no-claims bonus in the process. Temporary insurance offers a convenient way around this problem as it exists as a separate policy, belonging to the 'loanee' of the vehicle, as opposed to the owner.
Who it's good for
Many people can benefit from short-term insurance if the need arises. It's extremely flexible, with many providers willing to cover you from 1 - 30 days at a time, and at an affordable rate. It's particularly popular amongst:
- Young drivers, who don't own their own vehicle, but have access to borrow a relatives or friends
- Learner drivers, who own their own vehicle or are able to practice in someone else’s
- Classic car enthusiasts, who rent or borrow classic cars for short breaks
- New car owners, who need temporary insurance to drive their vehicle home
- Single day insurance, for those infrequent or impromptu moments that arise
Like annual car insurance, any price will vary depending on your circumstances, however you can expect it to start from around £10 per day. As always shop around and compare deals between brokers.
Who it's not for
Don't be tempted to utilise temporary car insurance as a cheap way of running your own car. The law dictates that all cars must be insured, unless declared as being off the road with the DVLA.
If you're under 21 you may have to look that little bit harder, as some providers won't offer it to anyone in this age bracket. The same may apply if you're licence has a number of penalty points, or if you have a history of car insurance claims. Most insurers will also insist that you've held a full UK or EU licence for at least a year.Image: © Nejron | Dreamstime.com