If you plan to drive a shared vehicle for a short duration, obtaining long-term car insurance may not be practical or economical.
So, what's the solution? It's getting a temporary one-week car insurance. It provides temporary protection to the vehicle for the duration, ensuring that it is protected without being heavy on your pocket. Read on as we explore the benefits of weekly car insurance and how it works.
What Is Weekly Car Insurance?
A one-week car insurance offers coverage for a limited duration from day one, so you don't need to commit to a 6-month or 12-month policy.
Here are some cases where you should prefer weekly car insurance:
• If you have borrowed someone else's car
• When you have rented a car while on vacation
• Visiting home during break for a short duration
• Test driving or trying a new model before making a final decision
• You are hosting out-of-town visitors who will drive your car
• If you plan on selling your vehicle soon
Benefits of a Weekly Car Insurance
A 7 day car insurance offers flexibility and an economical solution. Here are the benefits of weekly car insurance:
• You get immediate coverage for the car
• You can customize the duration based on your needs
• Covers damage and injury by a third party
• Offers a cost-effective solution for short-term
• It is separate from the standard policy, so it won't affect your no-claim bonus
While you might be tempted to avoid getting car insurance at all for a short duration, it is illegal. This leads to hefty fines and other penalties. So, it is always a wise choice to obtain insurance rather than deal with the chaos.
How Does Weekly Car Insurance Work?
You can buy weekly car insurance from an insurance agent or apply online. You have the option to customize the duration and choose coverage for the week, or extend it if needed.
The coverage offered is the same as traditional auto insurance, which includes personal injury protection and damage liability. Plus, you can add extra drivers or uninsured motorist coverage. Note that you need to pay for the insurance upfront.
Who Can Buy Weekly Car Insurance?
Weekly car insurance is not available to all drivers. Here are the scenarios when it is not available:
• Your license is suspended or revoked
• You are not a US citizen
• You do not meet the age requirement. Typically, it is 21 years, but some companies maintain a limit of 24 years.
Situations Where Claim Gets Rejected
There are exclusions under the weekly car insurance. Here are those:
• Vehicle used for commercial activities
• Acts of terrorism or riots
• Racing
How to Buy a Weekly Car Insurance
The process to buy a 1-week car insurance is simple.
Here's what to do:
• Assess the duration for which you need the insurance and the level of protection
• Gather quotes and compare the prices and features
• Choose an insurer that provides the best coverage, pricing, and customer support
• Keep the documents ready and apply for the insurance online or over the phone
• Once the insurance is ready, you can start driving your car
Documents Needed to Buy 7 Day Auto Insurance
Here's a list of documents you need to apply for a one week car insurance:
• Driver's license: A valid U.S. license. International ones are accepted with an IDP
• Proof of address: Confirm your residence with a utility bill, lease agreement, or bank statement
• Vehicle details: Needed for a borrowed car. Includes details such as VIN, make, model, and year
• Payment method: Credit/debit cards or digital payment
• Owner's permission: If you do not own the car, you need the owner's permission
• SR-22 / FR-44 (if any): Applicable only for high risk driver car insurances. It is filled by the insurer
Final Words
A clever and adaptable answer to temporary driving requirements is one-week car insurance. It provides legal protection for your automobile without requiring you to sign a long-term insurance policy, whether you're borrowing a friend's car, test-driving a new car, or spending a few days at home.
It guarantees peace of mind, is quick to set up, and is simple to customise. Just be sure to satisfy the qualifying standards, be aware of the restrictions, and compare plans before making a decision.
