Whether you’re insuring a new car or an older one, insurance will always be a necessary expense. But what if you don’t drive your car all the time? Does that mean you should forgo insurance altogether? Absolutely not! In fact, there’s a specific type of insurance designed for people who only drive their cars occasionally – it’s called “occasional driver insurance.”
Let’s take a closer look at what occasional driver insurance is and how it works.
Let’s get started.
Who is an Occasional Driver?
An occasional driver is someone who doesn’t drive your car very often. They could be a relative who only drives when they visit or a teenager who uses the vehicle on weekends. If you have an infrequent driver in your household, you may want to ask them to get their insurance for occasional use.
What is Occasional Driver Insurance?
Occasional driver insurance is that type of insurance bought for a car that is not driven regularly. The insurance company will treat the vehicle as if it is only driven occasionally, saving you money on your insurance. There are two types of occasional driver insurance: insurance for when the car is only driven occasionally and insurance for when the vehicle is not driven.
The first type of insurance is usually cheaper because the insurance company knows that the car is not being driven often, so they do not have to pay out as much in claims. The second type of insurance is more expensive because the insurance company knows that the car is not being driven at all, so they will have to pay out more in claims if something happens to it.
Factors Affecting the Price of Occasional Driver Insurance
When you’re young and naive drivers to your policy, your insurance costs will be higher. This is because younger drivers, particularly teens, are more likely to engage in accidents. Adding your parents (and other elderly people) above the age of 70 will also raise your insurance costs. Although they may have solid driving abilities and experience, they might respond to incidents on the road more slowly or suffer from medical ailments that make driving extremely difficult.
Getting professional drivers will cost you less than introducing someone who has just received their driver’s license. This is because an inexperienced person poses a greater risk to your insurance.
The Volume of Drivers
Unlimited number of infrequent drivers you may add to your insurance. The greater the insurance prices, the more occasional drivers there are. However, it is less costly to multiple occasional drivers.
You might want to reconsider before adding your teen’s driving record. Insuring drivers with a terrible driving record is costly. You may still add a motorist with a bad driving record but expect to pay higher premiums.
Tips to Save Money on Save on Occasional Driver Insurance
Whether you’re insuring a Dodge Charger or some other occasional vehicle, here are some tips for you to save money on it:
- Compare the rates of different companies and ask for discounts
- Consider different options to choose the best policy
- Make a choice wisely
- Before you add on to occasional drivers, speak to an advisor.
What Happens if an Occasional Driver Engages in an Accident?
If you are an occasional driver and engage in an accident, your insurance company will likely cover the damages. However, if you are found to be at fault for the accident, your rates may increase. If you have insurance for occasional use, check with your insurer to see what their policy is regarding accidents and rate increases.
The Bottom Line
Occasional driver insurance is simply insurance that covers you when you’re driving someone else’s car. It’s perfect for those times when you need to borrow a friend or family member’s car but don’t want to deal with the hassle of getting your insurance. We hope this article helped learn about occasional driver insurance.