Day car insurance
What is day car insurance? This temporary care insurance is designed for the infrequent driver. The person who only drives once in a while. The availability of day car insurance allows a licensed the opportunity to save money on annual insurance premiums they don’t need and shouldn’t have to pay because they don’t get behind the wheel very often. This type of driver is a lower risk to the insurance company and should be rewarded. In the past one day car insurance was only afforded to the car industry. It was mostly used by car dealerships. One day insurance protected the car dealership when their cars were taken out for test drives by customers. After a while and much research the insurance industry recognized a wider market for this type of short term insurance coverage for some of their clients.
There are many other reasons why day car insurance can be useful. What if you have been in an accident or your car is in the shop for mechanical repair and you need to borrow the car of a friend or family member for the day? Or suppose you found a good deal on a second car that you won’t drive often but it was still too good a deal to pass up? Avoid carrying full coverage insurance on both of your cars when only one of them will be driven. Check out rates on one day insurance for your second car that you drive only once in a while.
Compare rates on premiums on day car insurance by beginning with your normal auto insurance carrier. They may offer a bigger discount because you have already proven yourself as a good low risk driver and you may qualify for a multiple car discount and get an even lower premium when you suddenly need to use your one day insurance for the second car.
Research the various criteria insurance companies use to determine if you would be a good candidate for one day car insurance. Some insurance companies look at your driving record, employment and salary history, credit score, if you have ever filed bankruptcy. In the world of the insurance industry rates are based on the considered risk of the applicant. The higher risk determined by the insurance company the higher risk fraud will be committed by the insured causing high cost of loss to the insurance company.
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