The 1 months auto insurance policies are also referred to as monthly insurance policies or plans. The one month car insurance plans should ideally be regarded as insurance solutions that can be availed on a temporary basis for a certain number of days. In these policies the concepts of deposits or payments are not applicable as the coverage of the policies does not go beyond a month. If the policyholder submits claims during the 30 day time limit then some fees will be needed in order to renew the policies. The premium may also go up in these instances. These policies are different from the car insurance policies without deposits.

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As opposed to the 1 month car insurance the car insurance policies, which do not need any deposit, have proper durations with regards to their term periods. The insurance rates of these plans are also like the yearly plans. The major draw card of the 30 day policies is that with them it is easy to keep the expenses to a manageable level. It is obviously much less expensive than policies that last at least a year. These policies also help the insured save a lot of money compared to the yearly policies.

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The money saved with the single month car insurance policies or even the monthly car insurance plans always comes in handy, especially so if there is urgent requirement of money while traveling. There could be a wide range of areas where this money can be utilized like road accidents. The present economic conditions around the world also mean that the levels of disposable income are less than before and this saved money can also be used for domestic or other family related purposes. This money can also be used to deal with the expenses of owning and maintaining a car, which are only going up on an almost regular basis.

It can be said fairly simply that the monthly car insurance policies of taking to a family’s budget like fish to water. However, one of the major problems of these policies is that the fees for processing them are more than the conventional insurance plans