Day-Insurance – What It Is & What It Covers

Spread the love

Day-Insurance – Getting car insurance for just a day might seem tricky, especially if you’re borrowing a car briefly. However, it’s crucial to have insurance for any car you drive, even for a short period.

Car insurance is essential because it provides financial protection in case you’re at fault in an accident.

Day-Insurance - What It Is & What It Covers

Luckily, there are options for day-nsurance that cover events like theft, fire, and accidents. Many insurance companies offer affordable day insurance plans, and you can easily get a quote on their websites to know the cost.

It’s important to note that every car, even if used for just a day, should have insurance as required by the state. Whether you’re borrowing a friend’s car or a college student driving only during summer break, having day-insurance is a necessary step to ensure financial protection.

What Is Day-Insurance?

Day insurance provides coverage for your vehicle for a single day, offering protection in the event of an accident.

Many insurance companies offer same-day car insurance. It’s a form of short-term car insurance that differs from temporary coverage, which typically extends up to 12 weeks.

Can You Get One-Day Car Insurance?

Yes, it’s possible. You can obtain day insurance from various car insurance companies. After calling or visiting different insurance websites to request a car insurance quote, many providers allow you to purchase a plan that begins on the same day.

Getting insurance on the same day is quite common. You have the flexibility to select the day your insurance policy starts, including the current date. Some smaller regional providers also offer same-day insurance options.

How Does Day-Insurance Work?

With day insurance, you will be covered when you drive the same day you will if you have an annual car insurance policy.

Day insurance will protect you against things such as theft, damage, or an accident. However, this depends on the level of coverage you choose.

What Does Day Car Insurance Cover?

Day car insurance policies provide fully comprehensive coverage, such as:

  • Fire damage.
  •  Repairs.
  • Third-party liability.
  • Theft and burglary.
  • Medical expenses.
  • Damage from accidents.

These are what day insurance covers for you and your vehicle. If you are not satisfied with your day insurance policy, then you can add extra features to it.

How to Get Day-Insurance

To get day insurance, you don’t need to do anything special. All you need to do is follow the steps below to get day insurance:

Get Quotes

Numerous car insurance companies offer customers the option to obtain a quote online. To get a car insurance quote, you’ll need to provide several pieces of information, but this service is typically free.

The insurance company utilizes the information you provide to calculate an estimated monthly insurance rate. Here are some details the insurance company typically requires:

Vehicle Identification Number (VIN)

Vehicles have their own unique VIN, and some insurance companies require the VIN before they issue you an insurance policy.

However, if you are unable to provide the VIN, then you can list the vehicle’s year, model, and make.

Social Security Number

Your Social Security number enables the potential insurer to check your current credit score to help the insurance company understand the risk of you not being able to pay your bill.

Vehicle Mileage

Some applications require the vehicle’s current mileage if you need a more accurate quote; however, this isn’t always a requirement.

Driving History

You need to provide your driving history, such as if you have been involved in an accident, traffic violations you have received citations for, and the claims that you have filed. This information might cover several years.

Personal Information

Car insurance applications start by asking for personal details such as address, name, marital status, date of birth, and driver’s license number.

Date of Purchase

In your application, you might be asked when you bought the car and if the car was brand new or fairly used when you purchased it.

Insurance Provider

In the application, you will be asked for the name of your current insurance provider and the start and end dates of the insurance policy.

Choose Insurance Company

After getting quotes from different insurance companies, you can choose the one that offers you the best coverage at the cheapest price. 

Search for an insurance provider that provides the type of coverage that you want for your car at rates that you can afford and that has a good reputation for handling claims.

You can also get referrals from friends and make use of third-party sources to learn more about people’s reviews of the company.

Confirm Your Coverage

After choosing the insurance company that you want to use, you can confirm your coverage.

You need to know what your policy includes and the limits for every type of coverage. The common types of required insurance coverage are:

  • Property damage.
  • Personal injury protection.
  • Bodily injury liability.
  • Uninsured/underinsured motorist.

There are other endorsements that you might want to add to your car insurance policy, including:

  • Classic car insurance.
  • Collision coverage.
  • Towing or roadside assistance coverage.
  • Car replacement coverage.
  • Comprehensive coverage.
  • Rental reimbursement.
  • Guaranteed asset protection (GAP insurance).

The insurance agent will help you decide on the coverage limit and deductible that suit your financial situation.

Provide Your Information

When obtaining a quote, you’ll need to provide certain information to your insurance company. However, when you’re ready to finalize your policy decision, you’ll need to share a few personal details about yourself and your household.

The insurance provider will inquire about the number of people residing in your household who require coverage for driving your cars.

Additionally, expect questions from the insurance agent regarding your parking arrangements, whether your vehicle has an anti-theft device, your annual driving distance, and the safety features of your car.

Approve Your Insurance Policy

Before finalizing your insurance policy, it’s crucial to carefully review the policy details to ensure accuracy. Pay close attention to the type of coverage, limits, and deductibles.

While you can add options to your insurance policy later, keep in mind that anything not included in your policy on the day it becomes effective won’t be covered.

Once you’re ready, contact an agent to complete the car insurance contract. This process typically takes just a few minutes, and afterward, you’ll receive an email confirmation regarding your insurance coverage.

Decide Whether to Get Instant Car Insurance

The final step is to decide if you want to get day-insurance. You need to consider the pros and cons of getting day insurance.

When Do You Need Day Car Insurance?

There are different situations when you might need car insurance. Here are some instances where you might need day car insurance:

You Want To Insure a Rented Car

This is another situation when you might need daytime car insurance. You can contact the rental car company to confirm if the insurance policy for the vehicle you are driving covers you.

If there isn’t any coverage under the rental car’s insurance policy, then you can buy a temporary policy for a single day that you are driving the vehicle via the rental car company.

When You Are Driving a Borrowed Car

If you are driving someone else’s car for just a day and you are not listed on their car insurance policy, you will qualify for one-day car insurance. You need to call the car owner’s insurer and ask if they can add you to their insurance policy for that day. Several providers will cover you since the car insurance policy is for the car, not the driver.

You Need Usage-Based Insurance

A usage-based insurance policy might be perfect for you if you rely on driving your car. For this insurance policy, the insurer will only charge you for the days you drive the car.

This makes it an affordable insurance policy. The insurer usually bases their calculation for this insurance policy on how frequently and safely you drive the car.

You Want To Drive a Car That Was Stored Previously

You can also buy day-insurance if you want to drive a car that was previously in storage, such as a kit car or sports car.

Buying day-insurance enables you to lower the cost of insurance on the car by making sure you have coverage when the car is on the road. 

It is much easier to do this if you already have a car insurance policy like the one to protect the car against theft or fire. 

You Want To Insure a Classic Car

Most people rarely use their classic cars, so they don’t need to buy full insurance coverage for the classic cars. To protect your classic car and yourself on the rare occasions when you drive it.

You Want To Self-insure

Most people like to drive their cars without any insurance, and they prefer to use their money to insure their cars instead of getting an insurance policy. This practice is permitted in only a few states.

You can get day insurance to protect you and your car for just a day.

Car Insurance Companies That Offer Day Insurance

Several companies offer same-day insurance to people, and they include:

  • Geico.
  • Allstate.
  • USAA.
  • Nationwide.
  • Progressive.
  • American Family.
  • Farmers.
  • Travelers.
  • State Farm.

You can check the websites of these car insurance companies to get a car insurance quote.

How Much Does Day Insurance Cost?

The price of your day insurance will be determined by several factors, such as your age, length of policy, type of car, experience, profession, and claim history.

To know the cost of your daily car insurance, you can get a quote on the insurance site.