According to Review42, almost 215 million drivers in the United States have car insurance policies. That’s not surprising, as insurance is mandatory for anyone with a car. It ensures order on the roads and addresses issues related to compensation for the injured party in the event of an accident.
- From 2018 to 2022, the number of fatal car accidents in the United States increased by more than 16% – from 36,835 to 42,795.
The auto insurance market in the States is evolving. According to IBISWorld, the volume of the car insurance market increased by 1.3% in 2023. Car insurance is not just a legally required condition; it’s a convenient tool for protecting your vehicle.
Auto insurance in America is a complex system consisting of various policy options. Liability Coverage is mandatory, and other types of coverage are optional and can be chosen by the driver.
In this article, we will discuss car insurance for a weekend. You will learn about what this coverage entails, its features, advantages, and disadvantages, as well as how to save on car insurance.
What is Insurance for Weekend Car?
Operating a car is an expensive pleasure, especially if used daily. For this reason, many car owners commute to work using public transportation and only use their cars on weekends.
In such cases, what about auto insurance? In the United States, there is a concept known as “insurance for a weekend car.” However, using such a policy is not encouraged. The reasons for this are quite logical: laws require all drivers to have at least basic insurance covering the cost of car repairs and medical expenses.
So, even if the car is only used on weekends, no insurance company will offer you a policy that works only on specific days of the week.
If you find insurers offering temporary auto insurance policies – for a day, a week, or a month, beware; these might be scams. The minimum coverage period is six months.
However, some coverages cater to the needs of owners who use their cars periodically. Let’s discuss them further.
Alternative Options for Car Insurance for the Weekend
There are solutions for car owners who infrequently use their vehicles for trips and want affordable insurance.
Pay-per-Mile Car Insurance
It’s an excellent option for those who rarely use their car or only use it on weekends. This policy involves payment based on actual mileage. This way, you don’t pay for the car’s idle time and can save significantly.
The policy also allows you to add or remove additional options. Thanks to its flexibility, you can adjust insurance conditions based on life circumstances and financial capabilities. Additionally, you’ll receive rewards in the form of discounts and bonuses for careful driving, which is an additional advantage.
Car Share Insurance
This type of insurance is designed for cars participating in car-sharing programs. Car-sharing services like Zipcar or Turo offer the opportunity to rent a car for a short period – a few hours or days. This insurance is specifically designed to meet the needs of drivers who rarely use a car and don’t want to pay for year-round insurance.
When you rent a car through a car-sharing service, you can choose insurance covering the state’s minimum requirements for injury protection or liability insurance, as well as the one typically covering damage from accidents.
Non-Owner Car Policy
It is an excellent solution for drivers who aren’t car owners but drive a rented or borrowed car and need coverage. This policy compensates for bodily injuries to third parties and damage to property caused by accidents for which you are at fault.
The policy may also include other state-required coverages, such as uninsured motorist coverage or medical expense coverage, but the main focus of the policy is liability insurance.
All the mentioned coverage types allow you to replace car insurance for a weekend and pay less for insurance for drivers who rarely use their cars. However, you can also take out any other policy option and cancel it after the required time. Many insurance companies impose a penalty for terminating the contract.
Nevertheless, it is more cost-effective to get insurance for six months or a year and pay a small fee for cancellation than making contributions until the policy expires.
How Much Does Car Insurance for Weekend Cost?
The amount you’ll have to pay for insurance weekend car will vary because it depends on the following factors:
|Young people are considered to be more prone to accidents due to insufficient driving experience and reckless behavior on the roads. Therefore, 20-year-olds pay twice as much as individuals aged 25-70.
|Statistically, men are more likely to be involved in accidents because they tend to engage in riskier driving behavior. Consequently, they have to pay a higher insurance premium compared to women.
|The location of residence and car usage also play a crucial role in pricing. Cheap weekend car insurance is available for residents in the northeastern states, where the average cost is significantly lower than in other regions. For example, the lowest rates in Massachusetts are $51 per month, while the highest in North Dakota are $286 per month.
|Drivers with a clean record can expect lower prices for car insurance weekend. However, insurers have no interest in attracting responsible drivers with a history of accident-free driving.
|How responsibly you handle credit matters, such as timely repayment of debts and adherence to credit terms, can also influence the cost of weekend insurance.
Additionally, each insurance company has its programs, rules, and policies. Therefore, before obtaining weekend insurance on car, examine the offerings of at least three insurers and choose the most suitable option for yourself.
How To Save On Weekend Insurance Car
We’ve compiled tips to help you save on insuring a car for a weekend, as well as any other type of coverage:
- Compare quotes. That’s a proven and reliable way to find the most affordable car insurance rates. A policy’s cost varies among companies, so you’ll be surprised how much you can save by comparing offers from well-known insurers providing services in your state.
- Increase the deductible. The deductible is the amount not covered by the insurance company, which you pay out of pocket. Choosing a higher deductible reduces monthly premiums. Stick to this recommendation only if you’re confident you can cover it in the event of an accident.
- Consider bundle offers. More often than not, combining two or more policies leads to additional discounts and bonuses, allowing you to save on premiums. Many insurance companies reduce costs if you purchase several policies from them simultaneously, such as auto, home, and renters insurance.
- Inquire about available discounts. Many insurers have loyalty programs that reward regular customers. For example, you might be offered a discount if your car is equipped with anti-theft devices or if you’ve completed safe driving courses.
By following these recommendations, you can obtain good coverage at an affordable price.
In this article, we’ve clarified that insurance car weekend, as such, doesn’t exist because such coverage contradicts the laws of the United States. However, alternative policy options (pay-per-mile car insurance, car share insurance, and non-owner car policy) allow for meeting the insurance needs of drivers who use their vehicles only on weekends.
Additionally, there are strategies to reduce insurance premiums. Compare quotes from multiple insurers, use policies with higher deductibles, bundle different types of insurance, inquire about discounts – and get the best coverage to protect your car from potential damages related to accidents.
Frequently Asked Questions
Is weekend insurance on a car a good idea?
Weekend insurance for cars is only suitable in specific circumstances. It’s an excellent option for those who might need auto insurance only on weekends, such as during the rental of a vehicle.
Do insurance companies offer coverage options for a car for a week?
No. Insurance companies do not offer car week insurance. If you find such a company, avoid using its services, as it is likely a scam. Instead, you can purchase a standard policy and then cancel it, paying a cancellation penalty.
Is it legal to have car insurance for weekends?
Yes, but only if you have an active policy, such as minimum or full coverage. Otherwise, driving a car without insurance is illegal in the United States.
Victoria Berezhetska is a Content Lead at Phonexa.com and an expert contributor to American REIA. She has a Bachelor of Science degree in Business Administration, with extensive working experience as a PR specialist and content writer. At American REIA, she helps customers find the right educational material through easily digestible blog posts and buying guides backing their insurance coverage choice. Victoria covers diverse topics around digital and insurance marketing, including auto, home, health, and life insurance.