- Borrowing the car for a few days from any colleague, relative or friend
- Lending the cars to any colleagues, friends or relatives
- While using any courtesy cars or during any unaccompanied vehicle demonstrations
- In case of the immediate drive-away insurance immediately after buying the car
- If you fail to renew your existing auto insurance policy on time
Now let’s have a look at the benefits offered by this type of insurance:
- Reduced financial commitments: With the one month car insurance premium payment policies, the policy buyers get the chance to spread the total amount of premiums of the entire year in some small and affordable installments rather than paying a huge chunk of money at a time.
- Flexibility: This type of auto insurance policies is highly flexible as this offers a flexible payment option to the policy buyers. Besides, this policy also offers the policy buyers the flexibility to switch over to any new insurer after the completion of a month.
- Preview of the insurance policies: This cover is required for test driving any policy as it offers the policy buyers the scope to shift over to any new insurer or to any plan of annual premium payment after the month ends.