If you’re not planning on keeping your car for more than three years, you might want to consider short-term car insurance as an option instead of purchasing an expensive, long-term insurance policy that you don’t need. Because if you’re just borrowing someone else’s car, it only makes sense to get their insurance coverage while they keep the car (and their insurance coverage) in their name. But there are some things you should know before buying short-term car insurance, so read on to learn the seven things you need to know when getting short-term car insurance.
Short-term insurance is perfect for new drivers
One of the most important factors when it comes to getting auto insurance is your age. The older you are, generally speaking, the lower your premiums will be. For instance, if you’re 25 years old with a clean driving record and good credit score, you’ll likely pay much less for car insurance than someone who is over 35 and has been at fault in several accidents.
How much should I spend on my next policy?
There are many factors that affect how much you pay for auto insurance, and it can be hard to know where you should draw your line. The average cost of car insurance across all states is around $900 a year, but that number can vary widely depending on your location and driving history. Make sure you’re getting your money’s worth by choosing a policy with an adequate level of coverage at a price that makes sense for your budget.