If you are looking at short term car insurance as an option for insuring yourself to drive a car, van or motorbike then you may want to get an idea of the cost first. Obviously we cannot give a price that will be suitable for every single drivers individual circumstances so to give you a rough idea of the cost of a daily policy we will look at the average cost.
The way daily insurance works is that the more consecutive days of cover that you take out the cheaper each consecutive day gets. Each insurer has there own way of calculating the daily discounts and on which days the discounts come into effect. So the first days cover will be the most expensive, by the third day the cost may reduce and then a few days later it will reduce again. This means that if you take out a weeks worth of cover the cost of the premium for the first day will be much more than the cost for the last day. If however you just take out 1 day worth of car insurance then you will just pay their highest rate.
You can take out daily insurance up to a total of 28 consecutive days. You can of course break up those days so you could take out 2 days cover over a weekend and then another 2 days cover the next weekend. However you will only get a discount for the consecutive days, that is the continuous days of coverage without any breaks in between.
The first few days you are usually charged the full rate which is about £10 a day. By the third or four day the cost of those days cover will be discounted so you may only pay £6 a day for cover. If your cover extends longer than 6 or 7 days the cost of each additional day may drop to about £4 a day and stay at that rate up to and including 28 days.
At this point I must reiterate that the figures and discounting method illustrated are just guidelines. You car insurance quote will be individual to you and your personal circumstances. The discounting method will vary depending on which insurer you choose. Some insurers may not start to discount until the forth or fifth day whilst others may apply a discount on the second day.
The costs of your premiums are of course individual to you, short term insurers do not charge a fixed premium per day. Whilst an average figure may be reflective of a driver in their late thirties with full no claims you may pay more or less based on your own driving history. A younger driver, particularly young males looking for daily car insurance under 21 years of age are going to pay more than a careful lady driver in their fifties.
Of course everyone wants to get cheap daily insurance and the best way to get the cheapest price is to compare the 3 main specialist insurers in this market. Additionally you can also try changing the level of cover to reduce the cost. It is important to remember that third party cover is not always cheaper than a fully comprehensive policy so it is always worth amending your quote to see if your premiums are any cheaper.
Get a cheaper daily insurance policy right now with the leading online daily insurance specialist.