The advantages of one day insurance for under 21s is that it can help in a variety of situations:
- If you have purchased a new car that you will need to drive home, but you are currently not insured
- You need to name another driver on your car for a day but do not want your no claims bonus to be affected
Other advantages are that there will only need to be one payment and that most policies offer a degree of flexibility with extension of the cover.
There are a number of potential downsides. If someone under 21 can find a car insurance for one day the rate is likely to be expensive due to their age. Another potential problem is that there is likely to be a high excess on any temporary policy.
Careful thought and consideration will always need to go into what the need for the insurance is and whether the costs are overshadowed. After you have decided that you definitely need a temporary policy, you should begin approaching companies for car insurance quotes.