Month by month car insurance

Need to take you car off the road? Go here to make a SORN

Is your insurance on the MID database? Check here

Can you use this cover to get a car out of a police pound?

Pay as you drive insurance, payable on a monthly basis is becoming a popular option for drivers across all age groups. The principle behind this cover is that you pay enough to keep you insured for one month. At the end of the month, you receive a renewal notice and can choose to let the cover be renewed automatically or cancel it. There are no conditions, to ties. Month by month car insurance is perfect for people who do not get to drive all through the year. This means that you do not have to sign up for an annual policy when you will only drive for a few months.

When you apply for one month car insurance, the insurance company will still base their rates on the usual factors: age, driving experience, driving record and type of car. For as long as these factors remain constant, your monthly rate will not change for at least eight months. This means you will pay the same monthly rate all through the year, except if you change cars, or get involved in an accident.

Sometimes, monthly insurance is cheaper than paying monthly instalments on an annual cover. Few people can afford to pay their premium all at once. Most drivers pay in monthly instalments, which attract transactional fees. By the end of the year, the total amount of money spent on car insurance ends up being more than what they signed up for. By opting for month by month insurance, you could spend less on car insurance every year.

Young drivers, many of whom are students, will spend less on car insurance if they opt for monthly car insurance, as opposed to annual car insurance policies. If the students stay in college, they probably do not need a car. The same applies if they live near uni. Why then should they buy an annual cover when they will only drive the car a couple of months in a year? A better alternative would be month car insurance, which they can take up whenever they are on holiday.

Another advantage of purchasing month by month car insurance is that you are free to list multiple drivers on the policy. Some companies will allow you to list multiple vehicles too. Shop around before buying your month by month car insurance to ensure that you get the best deal. You can never go wrong with short term car insurance companies. They are specialists in month by month insurance covers and have great offers.

Next time your teenage child insists on using your car during the holidays, buy a one month car insurance policy. You can also get month by month car insurance for your visitors. It is much better than having your NCB on your own policy denied due to an accident caused by either party.