If you already have insurance on your trade-in or another vehicle, this policy may transfer to the new vehicle for a short time. Resist the urge to purchase car insurance from the dealership, as you may be able to get a better deal directly from an agent. How Much Is Short-Term Car Insurance? You're likely wondering how much it costs to purchase pay-as-you-go car insurance, and you should expect to pay more for a short-term policy than a six-month one. Based on a comparison of premium carriers, the average rate is between $10 to $25 per day. This figure fluctuates depending on how far your drive and the vehicle's make and model. Before you go with the cheapest quote, make sure you're getting adequate coverage. What Companies Carry One-Week Car Insurance? Many major carriers offer short-term or temporary car insurance, even if they don't advertise the availability of this type of policy. Companies make more money when you purchase a long-term policy, such as six months or a year. Some of the companies that offer cheap car insurance for one week include: GEICO Allstate Liberty Mutual Nationwide What Are Your Other Options?
That's a perfect time to adjust your insurance policy to provide your student with temporary coverage. Of course, if they're consistently driving a car while at school, they need traditional car insurance. 2. Your Friend Needs a Loaner Do you lend your car to a roommate, friend, or neighbor on occasion? If you do, you probably don't need to add them to your insurance policy. Car sharing is likely covered under your policy's "permissive user" clause for one-time errands. However, if your temporary guest is staying for a week, consider getting the coverage. 3. You Want to Rent a Car When the rental car agent behind the counter asks you if you want insurance, consider declining their offer. It may be cheaper to add the leased vehicle to your existing policy. It's also a good idea to contact your carrier as you may already be covered. Many credit card companies also offer rental car insurance when you use their product to make your reservation. 4. You're Traveling Out of the Country If you're planning a road trip to Mexico or Canada, you're going to want to play it safe.
Most companies require a grace period for car insurance coverage, so you can't use it immediately. Temporary coverage may result in gaps in your insurance record, and some companies have continuous coverage requirements. You may end up with an inferior product that doesn't provide adequate coverage. Your short-term policy may not meet state requirements. Before you purchase cheap car insurance for one week, do your research. Discover which of the different car insurance companies are the best fit for you. Remember to look at both national companies and smaller, regional providers for the best deals. Check this out if you need additional information, resources, or guidance on car insurance. Sources: This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at