Everyone knows that you can get an annual car insurance policy but what about getting coverage for a shorter period of time. But can you get car insurance for a day? Daily insurance is a relatively new type of insurance that allows you to get insured for as little as just one day.
It has been available in the UK for about 5 years but not widely known to most drivers and was considered a very specialist product. In recent years, particularly over the last year, it has become much more widely known. More motorists are now considering this type of coverage for various different reasons including young drivers who are finding annual policies prohibitively expensive.
You can get yourself insured to drive a car for a day; it doesn't necessarily have to be your own car that you legally own. If you are borrowing a car you can get covered to drive that car as well. Coverage is not just to drive a car; there are also policies for vans and motorbikes.
In the UK most policies are sold online due to the nature of the short lifetime of the policy. One of the benefits of daily car insurance is that it is easy to buy; you can get insured online at any time of the day or night making it great for getting coverage at very short notice. As a rule this type of insurance is only available online as most people only require a day or so of coverage and it enables ease of availability and keeps costs down.
Purchasing car insurance for just a day means that you r paper documentation cannot be posted as it would arrive after the policy has expired. To solve this problem you can print off a cover note at home and take it with you as proof of being insured. Payment is usually made by debit or credit card as the policy needs to be paid for straight away for it to become valid.
The most obvious benefit is flexibility. You can get insured at short notice for a very short period of time from as little as one day to up to 28 consecutive days. It is a great way to get temporarily insured giving you time to find a better longer term insurance solution.
Another major benefit is the no claims bonus protection offered if you are getting a policy so that you can drive a friend or relatives car. Other people may not want to add you to their policy so that you can drive their in case you have an accident and they lose their no claims. By taking out a policy yourself you can avoid this problem. Before the advent of this type of short term insurance this would not have been possible.
There are some restrictions with this type of insurance. The cost of your premium is largely based on age. If you are under 25 the cost of any type of vehicle insurance is going to be more expensive. With daily insurance you are only paying a very small premium compared to an annual policy yet if you have an accident the cost to the insurer will be the same. This has meant that many insurers providing day cover will not insure under 25 year old drivers. You will certainly not be able to get insured if you are 21.
If you are a younger driver and want to get insurance for a short period of time the next best type of policy is monthly pay as you go insurance. If you are under 25 and finding it hard to get insured then consider a monthly car insurance policy.
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