Owning a car means your number one priority is getting a car insurance. This is very important for your and the safety of your vehicle. The types of car insurances are endless and there are plenty of options that you can choose. However, if you find yourself in a type of situation where you need car insurance for a short period of time, what can you do? There is something called month-to-month car insurance but in reality, it is not as it sounds like. In fact, getting a car insurance just for couple of months, or even weeks does not exist. But there is actually a way that you can make things work even though no company offers this. So, let us take a look at the difference between these two.
You can get your traditional car insurance for a six month or a year period. The option that we are interested into is the first one. As we said, if you plan on owning a vehicle for a period shorter than six months, it just does not make sense paying the full amount to your car insurance company. This is when you can opt for the six-month insurance and then cancel it whenever you like and get refund. This is usually referred to as temporary insurance because you are the one who cancels it, instead of expiring on its own.
Let us take a look at some of the numbers in such situation. A typical six-month policy is going to cost you somewhat around $680. Moreover, for the first 30 days you pay $113. So, let`s say you want to cancel the insurance policy right here. In this case, you will get a refund of $573, which is a great deal taking in consideration that one such short-term policy does not even exist. So, if you are looking for a month-to-month car insurance, this is probably your way to go.
There is a process of requesting a car insurance refund. It is fairly simple because all you have to do is to call the insurance company and speak to someone about the cancelation. Some companies may even have a cancellation letter that you are supposed to sign as a verification for the process. Now, the whole process of refund might take up to 30 days, but it is usually lot shorter. You can always contact your car insurance commissioner if you face certain troubles canceling it.
Finally, there are certain car insurance companies who offer a cancellation without any additional fees, meaning it is free. This is worth knowing because it might help you make your final choice. Some of these companies are Allstate, Geico, Nationwide and State Farm. These companies are also regarded as some of the best in the business, so you can make sure that they are going to offer plenty of benefits in the first place. So, the next time you get a car insurance, make sure to think twice about the period of it!
