How Long Does A Policy Last?

From a minimum of one day to two years. The very short term would usually be for example: a British Columbia resident purchasing a car in Alberta and having to arrange coverage to take it home. Some of the home and automobile insurers now offer a two year term.

Your history might determine why you would purchase a shorter term policy. You also may have some young drivers on the policy who would benefit from a mid-term rate change. Discuss your options with your agent or broker to see what will save you money in the long term.