There is one major factor
causing the popularity of pay-as-you-go car insurance. Simply, car
insurance itself has become horrendously expensive, partly because of
fraud and partly because of the greed of ambulance chasers, and those
they buy introductions from; not only garages, solicitors, car hire
companies but also even the insurance companies themselves. It is not
these insurance companies who suffer from this, it is people like you
and I who have to buy car insurance. The current system is an absolute
disgrace crying out for reform, but at the moment we are stuck with it.
The crowning joy of
pay-as-you-go insurance is that you don't have to buy it for a year, but
can start off with a single month of cover and keep it going right up to
a maximum of eight months; however at this level it has ceased to be
economical and it would almost certainly have been cheaper to have
bought a years cover in the first place. However, if you are not sure
how long you want your insurance for, or if you only need it for a month
for two it may be just what you are looking for. The way it works is
quite simple; you fill in a normal car insurance proposal form but when
you pay you do so only for the first month, by credit card. At the end
of that month and all subsequent months your card will be debited for a
payment for the following month; unless you give a minimum of two weeks
notice that you intend to cancel the policy, which can be done easily
and quickly online. It is very important that you do not forget this
otherwise you may find yourself paying for an extra month's cover that
you do not want.
Like all insurance policies you
will have a choice of third-party, third party fire and theft or fully
comprehensive cover; and if you wish to drive in Europe fully
comprehensive cover for this is available, at a small extra premium, as
is roadside assistance.
A particular benefit of this
type of policy is that the insurers have no objection to the
policyholder using it to get a car released from a police pound; this
may seem an unlikely scenario but around 500 cars are impounded every
day in Britain, for everything from driving without insurance to parking
offences, and around 40% of these are subsequently scrapped because the
owners have never claimed them.
Cover is available for motorists
aged between 17 and 90, and in order to keep costs to a minimum it can
only be bought online.