Temporary car insurance, also known as short-term car insurance, is a great option for drivers who need coverage for a short time, but how much does this type of insurance usually cost? The short answer is, it depends!
There are many factors that could affect the cost of your temporary car insurance quote, the most common of these being:
How long you need cover | Driver’s Age | Location | Day & time the policy starts
The make and model of the vehicle can also impact the cost of temporary insurance. Some more expensive or high-performance cars can cost more because of their higher repair costs and theft risk. Younger drivers, especially those under 25, will often pay higher premiums because of historical risk factors. Another factor that may affect your premium is your driving history, including any points on your licence.
The total cost of your cover can be broken down by:
Insurer Premium: We pay this to the insurer for the cost of your cover. We do not earn a commission from the insurer for placing your policy
and
Covertime admin fees: This is payable to Covertime for arranging and administering your insurance cover. The admin fee is based on the costs that we incur in arranging and administering your insurance policy.
Your premium is also inclusive of Insurance Premium Tax (IPT) at 12%. IPT is a tax on general insurance premiums in the UK. The amount charged is set by the UK Government, currently payable at 12%.
You'll be able to see a complete breakdown of the total price of your temporary car insurance when you get your quote online.