Despite owning a car, you’ve found that you much prefer walking or riding your bike to the places you need to go. That’s awesome – thanks for being an environmental pioneer! The thing is though, even if you drive your car only once in a while, you still have to carry an auto insurance policy by law. However, this does serve your interests, even if you’re not seeing the benefits outright. Nobody knows when and if they will be in a car accident, and short-term auto insurance protects motorists who aren’t often behind the wheel, or don’t plan on keeping their set of wheels for long. Even if you seldom drive, and in short distances when you do, there’s still a chance you could be rear-ended or involved in a nastier traffic collision.
Luckily for you, public cries for a cost-effective, short-term auto insurance plan haven’t fallen on deaf ears. Also known as temporary auto insurance, short-term auto insurance is the best option offered for motorists who know they’ll only be driving for a small window of time in a specific car. Other ideal candidates for short-term auto insurance include:
Short term auto insurance plans can last anywhere from one to six months. Mandatory in most states (according to the Department of Motor Vehicles) your short term auto insurance plan will offer the bare minimum liability coverage your state mandates motorists carry by law.
Still not quite seeing why carrying an insurance policy is the way to go, even for the short term?
Consider this: the rain is coming down hard outside. You’ve already told your best gal pal that you’ll meet her for dinner at that new retro-styled diner, and you can’t cancel because you already canceled plans on her last week. Though you would prefer to ride your bike, the rain is just too much. So, you decide to take out your car. As you’re driving along you hear the rolling thunder. You look up into the sky to see if there’s going to be a lightening strike. BAM! You have rear-ended a car in front you that slowed down to let a pedestrian cross the street. With no insurance, you can kiss your financial assets goodbye. Not only are you going to be expected to pay for damages, but your state is also going to serve you with a hefty fine for not following the law.
When you stop to think about it, you can’t afford not to invest in an insurance policy, even if it is just a short term auto insurance plan. In the U.S., the Association for Safe International Road Travel found that traffic collisions cost the country $230.6 billion a year. What’s the average per driver? $820. If you’re someone who finds a $900 annual insurance premium cost to be too expensive, can you imagine having to pay that amount and then some after an accident? It’s not just the money for repairs you have to think about; it’s also getting sued by the person you hit. In a personal injury lawsuit, the Insurance Information Institute (III) found that as of 2013, the median award in personal injury cases was $68,218. And that high number doesn’t even include lawyer fees.
Remember, that even if you want to take your car out for a quick spin, you need an auto insurance plan that will protect you. CoverHound can help you find the short term auto insurance plan that works with you. Check out your auto insurance options by visiting our online comparison and shopping portal today!