The monthly car insurance is a particular insurance product very useful to all those who need to ensure their vehicle for a short period and, in any case, for a time not exceeding one calendar month. Apparently, this type of product can be very advantageous compared to an annual type of insurance, guaranteeing considerable savings for the insured. Often, however, it can hide rather limiting details and clauses, which make it lose its appeal on the market.
How does monthly car insurance work?
When you need to take out car insurance for 1 month, it is necessary to adequately inquire about the product offered, the real price of the insurance premium, and the presence of particular conditions of use for the customer. As for the real price of the insurance premium, it is good to remember that when you request a calculation for monthly car insurance you will never get such saving as to be around one-twelfth of the corresponding annual policy. Monthly car insurance, in fact, while presenting savings, are higher than the price referred to every single month of a car policy in installments with annual coverage. Plus 1-month temporary car insurance obliges the customer to comply with a series of agreements stipulated in the contract, regarding the methods and times of use of the policy. In the event of non-compliance with these limitations, the insurance company has the right to retaliate against the customer, by applying particularly onerous deductibles.
When is monthly car insurance worthwhile?
Considering the disadvantages of the product, monthly car insurance can be useful only in cases of real temporary need for the use of the vehicle, such as, for example, in the case of the sale of multiple vehicles, which require insurance coverage. for a very short time. For those who, on the other hand, do not have the possibility to know in advance the periods of insurance needed for their vehicles, when taking out online car insurance, Conte.it offers savings and safety. The insurance company to which it belongs, in fact, allows its customers to stipulate a classic annual coverage contract, but to use the policy suspension tool in case of need. The insured person, therefore, has the option of “freezing” his insurance during the periods it is not expected to be used and to reactivate it if necessary. Up to two suspensions can be requested within an insurance year, for a period of time that can even exceed ninety days.
The payment of the Auto Insurance in installments allows the policyholder to divide the amount of the insurance premium into several months. Let’s see together the advantages and conditions of this formula.
Paying the policy in installments is an opportunity that almost all companies guarantee their customers: the splitting of the premium can be managed directly by the company (without financing) or through the intervention of a credit company.
In the latter case, the insurance company enters into an agreement with a bank or a financial institution, which undertakes to advance the full amount of the insurance for the customer. The holder of the insurance policy will have to pay the installments of the RC Auto to the company that paid the sum and not to the insurance company. To access the payment in installments, the customer must present the payslip or the tax return, documents that certify the possibility of returning the amount paid in advance. However, in some cases, even those who do not have a demonstrable income can access the installment payment, but only if the insurance company agrees to be the guarantor of the loan.
Installment insurance: all the benefits
Paying in installments car insurance or motorbike liability is a particularly accessible and convenient solution: it allows, in fact, to avoid paying the insurance premium in a single solution, which can reach a very high amount. The installment policy can therefore be convenient from an economic point of view: in fact, it provides for interest but allows for the deferral of payments by dividing them into two parts of the year. The final overall figure will therefore be higher than that of a normal insurance policy but it helps those who do not have immediate liquidity.
In addition, the payment in installments benefits policyholders who own multiple vehicles whose insurance policies expire in short periods.
It is also good to specify that the car insurance in installments does not compromise the possible need of the customer to suspend the validity of the coverage for one or more months. Stopping the effects of RC Auto is especially convenient when you don’t need to use your car for a long period of time (for example, for three months). Usually, the suspension of the insurance coverage is allowed for a modest amount and, upon reactivation, the agreed payment can be resumed on a monthly basis. We must not forget, however, that during the period of suspension of the coverage the car cannot circulate and cannot be parked on a public road, but must park in a garage or in a private area.
Installment insurance: not to be confused with temporary policies
A common mistake is to compare the policies in installments with those split over the year, i.e. the temporary ones: the latter does not have an annual duration and their coverage is half-yearly or quarterly and does not allow the evolution of the Universal Merit Class (CU).
How to buy a policy in installments
Auto Insurance is part of those expenses that we cannot fail to make in order to circulate in total safety, but that we can customize according to our possibilities and needs and the installment policy is certainly a virtuous example. Once all the factors at stake have been considered, if you decide to activate online insurance in half-yearly installments, it is sufficient to behave exactly as for any RC policy: just get the documents relating to the car and the more is done.
To take out half-yearly insurance for your car or motorcycle, simply choose this formula when compiling your online quote, or request a quick and complete consultation by contacting customer service directly.
Do you want to save on your car or motorcycle policy? Discover the advantages of the split payment policy offered by ConTe.it! If you have any doubts, contact our consultants for more information!
