How Long Does Auto Insurance Last?

Short answer: for as long as you make the payments!

Long answer: industry practices say contracts are drawn yearly. Bi-yearly plans are also available, but they cost a bit more (it’s not uncommon to be billed as much as 20% more per year if you choose two bi-yearly payments). Some companies offer monthly plans and seem to be preferred by people who don’t own or usually drive a car and have just purchased one for the purpose of reselling it.