If you are in the market for a new (or new to you) vehicle, one of your questions may well be about how to arrange for auto insurance coverage. You will need to provide proof of insurance to the dealer before you will be allowed to drive the car off the lot.
It is a very good idea to find out how much it will cost to insure your new ride before you make a buying decision. The cost of insurance is an important consideration when deciding whether you can afford a particular vehicle. In the same way think you consider the price of the car itself and what the monthly payments would be before deciding to go ahead, you should include your auto insurance premiums in your calculations.
New Car Auto insurance Coverage When you Already Own a Vehicle
If you already own a car and are planning to either buy a new one or add an additional vehicle to household, contact your existing auto insurance provider to find out whether your current policy will carry over onto a new vehicle. In many cases, you will have a few days where your new car will be covered at the same rate and under the same terms as your existing policy.
When you call to ask about any carry forward you’re entitled to when buying a new car, ask your current provider how much it would cost to insure your new vehicle. Delete provides basic information, including the make and model year and how many miles the vehicle has been driven. If you want to make a change to your coverage levels or any of the other provisions in your policy, be sure to ask for pricing information which reflects this. Your insurance company uses this information to determine how much to charge in premiums.
A change in your vehicle status is a good time to look for auto insurance coverage from other providers. If you know you have a few days’ worth of coverage after picking up your new vehicle with your current policies in effect, take some time to go online to get quotes for coverage from several providers. Compare them carefully to determine whether your current insurance company can give you the best deal on your coverage or if it is time to make a change.
New Car Auto Insurance Coverage for your First Vehicle
If you are buying your first car, you need to start shopping for auto insurance coverage before you go to pick it up. Going online is a good way to find out about the minimum auto insurance coverage requirements in your state and to learn about your coverage options.
As a new vehicle owner, you will need to ask for a quote for liability insurance, which pays out on claims made by other people injured in an accident, as well as physical damage coverage which protects your vehicle itself. Compare the pricing you receive carefully, so that you find the best rates for the protection you need.