Insurance When Buying A New Car

When you already have insurance.

Insurance when buying a new car. And dealers don t want to risk a lawsuit should an uninsured driver cause an accident on the way home leaving medical bills or damaged vehicle costs financially uncovered. Most insurance companies provide automatic coverage for new purchases equal to the broadest coverage you have on your current or other cars. Whether it s brand new or new to you let s outline the best ways to get and save on auto insurance. Car insurance companies compensate for the loss or damage caused to the insured vehicle and a third party from the insured four wheeler.

When you don t have insurance. When buying a new car your insurance carrier will provide a grace period between seven to 30 days to update your policy with your new ride. Why should you buy car insurance policy. Buying a car insurance policy is mandatory in india as per the motor vehicle act 1988.

You have a 7 to 30 day grace period depending on your state to tell your car insurance company about the new vehicle. That s because in nearly every state car insurance is required by law. Car insurance is the least exciting aspect of buying a new vehicle. Then shop smart with geico s new car buying service.

Determine if you should lease or buy a new vehicle how much your payments will be and more with our calculators and car buying resources. Car dealerships generally won t allow you to drive off the lot until you show proof of car insurance for your new vehicle. But if you just spent a fair amount on your new vehicle you want to make sure it s properly protected. In most cases your existing auto insurance policy will temporarily cover your new car for a short period of time.

Get a car insurance quote. In all the excitement of buying a new car. For example progressive allows 30 days which means if you have a claim within that period your new car is still covered in the same way your previous vehicle was. We ll discuss what insurance options first time car owners multi car owners and leased or financed car drivers should consider when thinking about buying a car.

If you ve just bought a new car or are on the lookout for a new vehicle compare car insurance prices below. With this beneficial car shopping assistance you have excellent information at your fingertips so you can get the best car at the best price.