6 month insurance
6 month car insurance offers a high degree of convenience particularly for people who have difficulty in making both ends meet in these hard times. The protection you get from the 6 month car insurance is the same as a whole year policy, but the lower premium because of the shorter duration, will ensure that you manage the payment more comfortably. At the end of the 6 month period, if you find another insurer offering lower rates on their 6 month car insurance, you also enjoy that advantage rather than getting stuck with a whole year policy.
The premium on short term insurance, like the 6 month car insurance, always tends to be higher, though the lower amount that you pay will work as a compensating factor. But, when you consider the extent of coverage, the 6 month car insurance works similar to whole year insurance.
State laws within the nation play an important role in choosing the type of insurance and the duration. Therefore, it is essential that you take into account the usage plans of your car over the next 6 months before buying 6 month car insurance. For instance, if your child is likely to take the car away to another state and use it there for a few months, car insurance laws applicable in that state should be factored in while buying a 6 month car insurance.
Another instance where the 6 month car insurance comes in handy is when you buy a new or used car. Without an insurance you cannot drive the new car away from the lot and the time available to explore different options would be limited. By opting for 6 month car insurance, you have the ability to explore other options and switch if you find a better insurance at the end of six months. Similarly, at early stages in life, when you are looking to build long time relationships with your insurer, the 6 month car insurance is an ideal option to test the waters before you take the plunge.
Some people have homes in different cities and choose to shift between them for long durations. The 6 month car insurance works well for these types of people because the car may be lying idle in the garage for a good part of the year. If you are looking for more savings on your car insurance, consider higher deductibles. Higher deductibles will entitle you to lower premiums. Some 90% of American drivers do care for their cars and themselves while on the road. Collision cover and cover for third party bodily injuries and so on, can therefore be limited to the minimum statutory needs in most cases.
With a wide range of information on 6 month car insurance and tips to buy insurance available on the internet, it takes only a short while to garner useful information. Positioning yourself as an informed customer will ensure that you get the best out of most situations and insurance buying is no exception. Information is power and in the information age, acquiring information is simple and easy.
6 Month Car Insurance Policy – Save Money With 5 Easy Steps
5 easy steps to save 50% or more on your six month automobile insurance policy by following these simple instructions. Many times people only need car insurance for a short period of time, say for maybe six months and there is no reason the world why you cannot get short-term insurance for your car and still save money.
Not everyone who buys insurance for their automobile needs it for a long period of time. There are many reasons why a person may only be staying in an area for a period of only six months and will only need car insurance for the time that they are there.
The reasons vary but sometimes people might be on a temporary assignment for a job in some other part of the country and for some reason or another will need to provide for their own car insurance.
Or, a person may have a second home in another state and only stay there for six months or so at a time. I know people who do this because I live down here in Florida on the beach. There are people around here who have condos but like to fly back and forth from their permanent homes up north. In most cases they will have a car in both locations.
If you only need auto insurance for a short period of time, this is how to buy it and save money.
Follow these 5 easy steps.
1. If the car you want to insure is paid for, go with a liability insurance policy instead of comprehensive insurance and collision insurance and save yourself 20% on the cost of insurance. Most states require a minimum coverage with a liability policy but you do not need a comprehensive insurance policy unless you are making payments on the car. If that is the case, the finance companies will insist that you carry full coverage insurance in order to protect their investment.
2. Go with a high deductible say $1000 per accident and this will cost you 40% less for your insurance. I would go with high deductibles on any type of insurance that I buy because it results in lower premiums. I even carry a $750 deductible on my health insurance because I am only concerned about catastrophic losses and do not worry myself about deductibles.
Everybody who decides to go with a high deductible should make sure that they have enough money on hand to pay any out of pocket expenses that might be incurred should you cause an accident.
3. Take advantage of the safe driver discount. Statistically speaking, most people who are safe drivers will very seldom cause an accident. Insurance companies know this and will reward people with safe driving records by giving them insurance policies at lower costs.
If you have had traffic issues in the past such as moving traffic violations or caused an accident within the last five years, go to driving school and have the points removed from your driver license. This will take away the stigma that insurance companies attach to bad drivers. It will also remove some of the high costs associated with bad drivers trying to find car insurance.
4. Shop at least five different companies online and compare the prices and then call your local insurance agent and ask him if he can match the price. You will be pleasantly surprised at how comparison-shopping can make such a huge difference in the price you pay for your insurance.
When you do this comparison-shopping always make sure that some of the companies that you are asking for quotes are direct insurance companies. These companies will save you money because they sell direct without using agents and therefore do not have to pay commissions. When this is the case they save money and in turn they will save you some money also.
5. When you get ready to leave the area, make sure you cancel your insurance on the day you leave so you do not get charged for insurance you do not need.
Jimmy says if you are buying temporary car insurance this is the way to do it and save money because a 6 month car insurance policy can be cheaper if you follow these instructions and take advantage of the discounts that insurance companies make available to people who are applying for automobile insurance.
Getting Car Insurance Rates Every Six Months For Cheaper Premiums
Car insurance rates can change depending on several different factors. You can pay cheaper premiums simply by choosing to pay every six months instead of every single month. Paying ever six months is also easier for you to track in your budget.
Avoid Extra Administrative Fees
When you pay for car insurance once a month, one of the main reasons your car insurance rates are higher is because the insurance company has to process your payment 12 times per year. If you only pay every 6 months, the insurance company can reduce the amount of paperwork and administrative time that is needed to process your payments. That reduction in paperwork and time is passed on to you in the form of cheaper premiums. If the company only has to contact you twice a year, they will save quite a lot of money in overhead costs.
Lock in Your Premium
If you choose to pay for your car insurance once every six months, your insurance rate will stay the same over that six month period. Paying every month leaves you open to rate changes that could increase your insurance costs. If the insurance company has to tabulate your insurance costs each month, you may find that you have to pay more for your car insurance than you would have if your costs are tabulated twice a year instead. Paying every six months is a good way to control how much your insurance costs annually.
No Anxiety about On-Time Payments
Making a car insurance payment twice a year allows you the freedom of not having to remember to pay the bill each month. When you choose to make monthly payments, you have to take the time to organize your budget so that you are sure you make your payment each time it is due. You also have to deal with the possibility that you may spend some time without coverage if your payment is late or you accidentally skip a payment. Paying twice a year provides you with the peace of mind that your coverage will remain stable for the entire six months.
Opportunity to Make Adjustments
Paying twice a year offers you a good opportunity to evaluate your car insurance needs. If you were to pay every month, you would not notice many of the life events that can cause your rates to go up or down. If you take the time to consider your car insurance coverage every six months, you will have a better overview of your life and the things that might be different compared to the previous six month payment. You can perform insurance quote comparisons from several companies more easily on a six month basis.
6 month insurance
Can you insure a car for just 6 months?
So 6 months is all you need car insurance for. You could waste a lot of time trying to find a six month policy; we're not saying they don't exist but unlike in the USA where they are more common (but still not necessarily much cheaper) in the UK they can be even dearer than some yearly policies because of the old law of supply and demand. However you have some options: (1) buy month to month car insurance, or (2) buy a 12 month policy through a decent price comparison engine that gives you the latest special offers. If you get a decent discount it could well prove the cheapest option and many insurers will give you a much better price in the first year for switching to them. It often goes up substantially in subsequent years but you're unlikely to too bothered about that and if you still need cover you could always switch to another provider again. You could always cancel it after six months and you may get a partial refund but you'll have to read each insurer's small print very carefully.
Month to Month Car Insurance
This is a simple one; you get a quote for monthly insurance, which is fixed for the next eight months. You pay for the first month, and unless you cancel the policy within a certain time it is automatically renewed for another month. You can keep this going for anything up to eight months if you wish, after which the policy lapses automatically. You need to look at the cost of this carefully though, it is priced as a temporary policy and although it can be an economical proposition if you only need cover for a fairly short time you may find that it would have been cheaper to take out a conventional 12 month policy in the first place if you let it run for a long while.
Buy a 12 Months Policy And Cancel It.
Most insurance companies allow you to cancel a 12 month policy and they will refund you a proportion of the premium, less an administration fee, provided that you have not made a claim against the policy. Many of them will also allow you to pay monthly, subject to acceptance, as well. However, if you do pay monthly you enter into a contract to make the full 12 months' payments so you cannot just stop your payments when it suits you because the insurance company can, and probably will, chase you for the balance. So, even though you have made all the payments up to date and no longer need the cover you would still owe them money. To make things more complicated different insurers charge different cancellation fees too, so finding out what your cheapest option is will involve you in a bit of work. However if you use the right price comparison engine you can find out which policy is the cheapest to start with, and there is always a link to each insurer so that you can check on these charges.
So; you may find your best option for your six months cover will be to get a quote for a month to month policy, and then compare annual prices, monthly prices and cancellation charges. This may sound like a lot of trouble but it shouldn't take you more than an hour or so and perhaps you could save a lot of money.
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