mardi 18 septembre 2012

How to get insurance on a borrowed car


There are several insurance companies that offer short-term policies of automobiles. While you can borrow a car and get insurance (eg, for one day or one month), you will face eligibility issues typical. For example, an insurance company may require your driver license or social security number to see your driving and credit history. To qualify for temporary insurance, some companies require drivers to be at least 21 years.

Difficulty: Moderately Easy
Instructions
Determine the need for insurance, including the extent of coverage (eg, Liability, comprehensive and collision), franchise affordable and reasonable time (eg, One month, three months). If necessary, seek coverage that applies to out of state or abroad.
Gather information about the car brand and model. It is probably a price difference between providing Toyota Camry 2004 compared to a Land Rover Discovery 2004.
Compare quotes from several companies, including online sources and independent agents. Avoid relying on a current insurer (eg, Health, owner, property) because the rates vary considerably.
Submit full payment. You probably have to pay for full coverage is effective, although some companies may accept payment plans. It is illegal to drive a car without insurance.
Contact your credit card company or the insurance company of your car. Your insurance company may extend coverage to a borrowed car, if it is a rental or belongs to a friend. Your credit card may provide a secondary insurance if you pay rent with your car.
Tips & Warnings
Important factors include your credit history, age, residence and driving instructions. Expect to pay more if you have bad credit or have been involved in several claims.
Carefully evaluate before buying a policy. Since most insurance agents are paid on commission, their citations may not represent the best policies.
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