Month by month car insurance?
Discussion
if you have another car try your existing insurance company, admiral do temp insurance if you already have a policy with them, works out quite cheap to especially when you compare them to temp insurance companies etc, been a godsend when buying and selling a new car.
£17 for 14 days for me with 2 years ncb so a hell of alot cheaper
£17 for 14 days for me with 2 years ncb so a hell of alot cheaper
try http://www.ecarinsurance.co.uk/ always been very good for me when i just wanted a few months cover on something
james_gt3rs said:
ArsE92 said:
Bump/Hijack!
I'm also looking for a month's cover on our MINI whilst it's for sale. The current policy expires in a few days.
Easiest to renew, and then change cars on the policy when the MINI is sold (assuming you are replacing it...)I'm also looking for a month's cover on our MINI whilst it's for sale. The current policy expires in a few days.
)the wicker man said:
try http://www.ecarinsurance.co.uk/ always been very good for me when i just wanted a few months cover on something
£653.89 - to insure the MINI for 28 days.I don't think so.
james_gt3rs said:
ArsE92 said:
Bump/Hijack!
I'm also looking for a month's cover on our MINI whilst it's for sale. The current policy expires in a few days.
Easiest to renew, and then change cars on the policy when the MINI is sold (assuming you are replacing it...)I'm also looking for a month's cover on our MINI whilst it's for sale. The current policy expires in a few days.
Many people who are selling privately will require cover on two cars to cover the period between buying the replacement and selling the old vehicle. Some/many insurers will allow your policy to cover both cars on a temporary basis.
The usual procedure will be to call them in advance and arrange for cover to shift from the old car to the new car on the day you buy the new car (so the policy is for you on your new car which is your daily). You then simultaneously have them add the old car back onto the policy alongside. They will usually stiplulate a short period of time, say two weeks. You need to call them every 2 weeks and get the cover extended (for an additional premium) if the car remains unsold. Once the old car is sold you can call to cancel the 'add on' or just let it lapse.
You may think you're the first person to be in this situation, but really you are not. It's very common and there are solutions available to cover buying/selling cars.
What's less common would be if you wanted to insure yourself on a car for a month only for some reason. This is much less common. If you have a car insured you may be able to add the loaner car on temporarily (you can usually do this with hire cars whilst yours is in for repair). But if you've no insurance at all then your only options (that I'm aware of) would be to buy a year (or 10 months) and then cancel. You'll be stung. OR you could buy daily/weekly insurance from one of those short term car insurance providers (use google) but again, it won't be particularly cheap.
If I were you I'd
i) explain on the thread whay you want and why, and people may be able to assist more, and
ii) ring your insurer up as they may surprise you by being helpful!
the wicker man said:
try http://www.ecarinsurance.co.uk/ always been very good for me when i just wanted a few months cover on something
Just tried them, they wanted as much for two months cover as I pay a yearSquishey said:
scorcher said:
Your monthly payment won't cover a months worth of insurance.
Don't you pay for a month in advance, then add interest on top for paying monthly?It's two separate transactions. First is the purchase of insurance, which is paid for via a loan. The 2nd is the loan which is repaid monthly. So the payment and the cover don't have a great deal to do with each other.
This is why you have to pay up if you have a claim. It's also why you can't always cancel for no penalty, because the refund of the unused insurance might not be exactly pro-rata with the outstanding loan payments required. Also, the loan won't be reducing the capital element straight line in any case - in the early months a greater proportion of the repayment will go on interest rather than capital. (i.e. at the 6month point there will be more than 50% of the capital still outstanding, but the refund you get may be less than 50%. So there's two reasons why there might be a shortfall if you just call up to cancel.)
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