If you only need insurance coverage for the UK or EU temporarily, you can take out cover on a monthly basis. So if you are borrowing a vehicle short term, you don’t have to commit to buying standard car insurance that covers you for a full year.
Monthly car insurance is available from one month right up to 6 months with some temporary insurers. Finding cheap monthly insurance options can help you save significantly when compared to taking out annual insurance or being added as a named driver on an existing policy.
Monthly car insurance is designed to be flexible, with some insurers allowing you to extend the coverage as you go, as long as the policy has not lapsed.
Paying for one month of insurance coverage is of course going to be cheaper overall than annual car insurance.
You can opt to have your monthly cover start immediately. This can be essential if you need to drive in an emergency.
Claiming on monthly insurance will not impact any no claims bonus you hold on an annual car insurance policy.
When shopping for cheap monthly insurance, it’s important to know how insurers set premiums. Certain risk factors are used to gauge your individual risk, so each driver receives a personalised quote.
Just like standard car insurance, one month insurance takes your age into account. Young drivers could get higher premiums because of their risk on the road.
Whether you insure a car, bike, motorhome, or van for a month, higher-value vehicles can be more expensive to insure.
More comprehensive coverage could be more expensive as this poses more risk to the insurer. Some temporary insurers will give you the option of third party only, or third party, fire and theft cover, which could be cheaper on short term policies.
A history or claims on car insurance could flag you as a high-risk driver. Insurers might then increase your premiums to offset this risk.
It might seem obvious that having points on your licence or past driving convictions makes you a higher risk. This can also mean more expensive insurance on both standard and temporary car insurance.
Different usage comes with different costs. For example, insuring a car for business use for the month could cost more than simply insuring the vehicle for social use.
There are some straightforward steps you can take to help you when shopping for cheap monthly car insurance. These include:
This can help relieve some of the risk on the insurer and they could offer cheaper 1 month car insurance in return. You must be still comfortable paying the excess you choose if you end up needing to claim.
This is essential when choosing both the number of months you need and what coverage you choose to include. Add-ons can be tempting, especially if you are borrowing someone else car, but they all add to your overall cost.
Just like annual car insurance, it pays to shop around before you commit. Finding cheap one month car insurance can be more time-consuming if you search for monthly insurance providers alone. At Quotezone, we help with this process by providing a list of temporary insurers in one place.
If you need to borrow a family member or friend’s car for a short period of time. For example, if your own car is in for repairs or your regular public transport route is disrupted.
With the cost of learning to drive becoming so high, practising outside of lessons can be a great way to save. However, you will need to be insured on the car you practice in.
If you are taking a road trip or visiting family in another city, monthly car insurance can cover you while you are away. European cover can also be added to some policies.
The cost of young drivers’ insurance has increased in the past few years. Monthly car insurance can fill the gaps for those not ready to invest in an annual policy.
Only been insured for a month, sogood so far
Carole
Wolverhampton, United Kingdom
Quotezone found me a very favourable alternative quote for my insurance
Lynne
Oldham, United Kingdom
4.76/5 from 3656 customer reviews
Car insurance has been through a turbulent time of late, however 2024 actually showed signs of premiums stabilising. Although the…
Read full guide : Car insurance data, research and statistics
England’s most prolific areas for speeding offences have been revealed and the area covered by Warwickshire Police has the highest…
Read full guide : The area of England that you are most likely to get caught speeding
New analysis from Quotezone reveals the professions that are consistently flagged as high-risk by insurers, resulting in some of the…
Read full guide : DATA – How your job title affects how much you pay for car insurance
From AI-generated imagery to staged accidents, false car insurance claims are on the rise with many using misleading or false…
Read full guide : What you need to know about car insurance fraud?
Hitting potholes isn’t fun – they can cause significant damage to your car and even result in a traffic accident….
Read full guide : How to claim for pothole damage
Electric Car Statistics: Trends and Surveys With the decision to delay the ban on new petrol and diesel cars from…
Read full guide : Electric Car Statistics – Trends and Surveys