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Pay As You Go Car Insurance

By Edited Oct 27, 2013 0 0

Have you ever heard of pay as you go mobile phones? A lot of people really like to use them because they are very simple to manage. They do not require you to pay a monthly bill like other types of phones and will definitely do a good job at preventing people from overspending for minutes on their phone. Not only has the popularity of this kind of phone been increasing, but pay as you go car insurance has become pretty popular among people that don't want to pay year round for extra insurance that they don't need.

Why do people purchase pay as you go auto insurance? Most of the time people like to get this type of insurance because they may be driving for only a couple months out of the year and do not need to be worried about having any kind of insurance. As an example, say that you lived primarily in New York City and were transported by the underground subway to and from your work each morning. You probably would not need to buy any auto insurance if you are not driving. However, if you happened to own a car that was in a storage garage and took a trip to a state that did not have a subway, you would need to get car insurance.

Would it be beneficial to pay for a comprehensive auto insurance policy? No, it would be a waste of your money because you do not drive a full 12 months out of the year. The best option for you in this case would be to get pay as you go car insurance because it would have you covered for the exact amount of time that you would be visiting your relatives. If you wanted to visit for 2 months and needed insurance for your automobile, then you are going to want to make sure that you have a decent insurance policy to cover you for those 60 days. The reason that you do not want to sign up for a complete policy is because you will end up buying more insurance than you actually need.

Where can you purchase auto insurance on a "pay as you go" policy? Most insurance companies that you are familiar with will be able to offer you this kind of plan to fit your schedule. In most cases, you are going to be required to make a down payment to your insurance company. Things that determine how much you will pay for this insurance are your age, your complete driving history, and your current credit ranking. If you have had a pretty good history on the road (i.e. accident-free) and have a quality amount of credit, then you are going to be able to get a low rate on your pay as you go insurance.

Before you think that it will be easy to get a good policy on a pay-as-you-go car insurance plan, you should definitely speak to some car insurance agents because not all states will allow this type of plan. You will need to make sure that it is legal and acceptable to have one of these plans for your driving endeavors before you actually start driving. There are other reasons that you may also want to get this kind of insurance, such as: to drive a car that you don't have registered on your insurance policy or so that you can legally drive around in another person's car.

In order to save yourself some dollars, you should speak with as many car insurance agents as you can about the price that they are presenting. Ask whether or not there will be ways for you to save that have not been highlighted in your pay as you go agreement. When you have figured out what the lowest price of pay as you go car insurance is and the company that is presenting it, you should go ahead and make the purchase. You will definitely feel good about your decision to get a little bit of insurance coverage without having to overpay for a full policy.

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