What are monthly, kilometric and suspendable insurances?

For those who have a car or a motorbike that they use only rarely or not throughout the year, there are several savings options. So let’s see what monthly, kilometric and suspendable insurance are:

  • Monthly insurance: it is insurance that covers the vehicle only for one or more months of the year.
  • Mileage insurance: it is insurance that covers the vehicle only for a certain amount of kilometers.
  • Suspendable insurance: it is an annual policy that gives the possibility to suspend the coverage for a certain period and therefore to recover the days of suspension later.

But let’s see in more detail who these different types of policies are suitable for and how they work.

Who are the monthly, kilometric, and suspendable insurance policies suitable for?

Monthly, kilometric and suspendable insurances are insurance policies that cover the insured vehicle only in a certain period or within a certain kilometer range. They can be useful in several cases:

  • If you have a vehicle that you only use on weekends.  For example, if you always travel by public transport on working days, but use the car at the weekend for trips or shopping.
  • If you have a primary vehicle that you use regularly, but also have a second one that you only use for part of the year, such as a motorcycle that you use in the summer.
  • When you know that you will not be using the car for quite a long time, for example, because you will be away.
  • If you have an old car in a garage that is not insure and that you need to move, for example, because you sold it or you have to take it for demolition.

How does temporary or monthly auto insurance work

Temporary car insurance is a policy that has a duration, as the name implies, limited in time. It is a solution design to satisfy those motorists or motorcyclists who use their vehicle very little and for which it would be too expensive, as well as waste, to make a normal annual policy. In this way, you avoid paying when the car or motorcycle is locked in the garage.

There are several types of temporary insurance, among them are:

  • Half-year insurance: a policy that has a life of only six months and it’s great, for example, for those who have a bike that uses only in summer.
  • Quarterly insurance: other temporary insurance, which has a duration of three months.
  • Monthly insurance: in this case, the duration is one month.
  • Daily insurance: a policy that is valid only a certain number of days a year.
  • 5-day insurance: in this case, the duration is even shorter, just 5 days. It is the solution for those who want to move a car, or use an old car for a few days that they now only keep in the garage (for example when taking part in a rally).

How mileage insurance works

Mileage insurance is not based on a time limit, but on a mileage limit.  In practice, it is only valid for a certain number of kilometers. If, say the case, you use the car only infrequently and only for short trips, it could be a good solution for you.

But how do insurance companies know how many kilometers you travel? Simple, a black box is install on your car that monitors the distance you travel, and thanks to which your insurance can know if you have exceed the limit.

Family life insurance, as the name implies, provides coverage for the couple, of all types. In this case, the children will be even more protected, since they know that, in case something happens to one of their parents, they will have the necessary resources to avoid difficulties. The possible coverage of family insurance varies according to the needs of the contractor.

How the suspendable insurance works

Suspendable insurance is a policy that has a duration of one year, but which offers you the possibility of suspending it for a certain period that has specific minimum or maximum limits. For example, you can suspend it for a period ranging from a minimum of 30 days to a maximum of 12 months. There is generally a maximum number of times the policy can be suspended. At the end of the suspension period, the policy restarts, and the days in which it was suspended are recovered, so that in total it will be active for 365 days.

This is a good option if, for example, you know that you will be leaving for a certain period and will not be using the car or motorbike.

Are monthly, kilometric, and suspendable insurance really worthwhile?

The answer is: it depends. It must in fact be consider that this type of policy costs more, in proportion than a normal annual policy. In short, a quarterly policy will not cost a quarter of a monthly policy, but it will cost more. And the longer the period in which the vehicle is used, the cheaper it is to choose one of these policies.

In addition,  insurers are very careful to check that those who have taken out these policies do not break the limits, through rigorous monitoring systems (such as the black box). If the limits are exceeded, the extra mileage is paid separately.

If an accident occurs when the limits are exceed, the insurance can still cover the damage, but it will take back the customer. In short,  you have to be very careful and in many cases, it is not even say that these policies are really convenient.

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