If you are in the market for a new car, you'll want to make sure you have the proper insurance in place before you drive your new vehicle off the lot. Use this guide to help navigate the finer points of having the right coverage for your new car, and rest easy knowing you have everything taken care of when you take ownership of the vehicle.
Contact Your Insurance Provider
You'll want to contact your insurance provider before purchasing a new vehicle. This is particularly true if your current car is older and no longer has collision or other additional coverage options. You may find that your current policy will cover the new vehicle, but it may only extend the coverage you have on your current vehicle. Ask your insurance carrier how long you have before you will need to update your policy, so you can be sure your vehicle has at least the minimum coverage required to legally be on the road.
Check The Terms Of Your Loan
You may find that your loan or lease comes with specific coverage requirements, and you'll need to meet those requirements before leaving the dealership. If your current policy doesn't meet the demands put forth in your lease or loan, you'll need to contact your insurance provider to add the additional coverage. For a leased vehicle, ask the dealer what the requirements are in advance, and make arrangements to increase your coverage accordingly before you complete your transaction.
Insure Your Car At The Dealership
If you've never purchased a car before, you may find the process of purchasing and driving your car off the lot can be a bit complicated. Some dealerships work with insurance companies, so you can sign up for coverage at the same time that you purchase your vehicle. It may be a good idea to ask the dealer which companies it works with in advance, as this will give you a chance to research the carrier and determine if it is right for you. Remember that you can always switch coverage to another car insurance provider later, but purchasing a policy at the dealership will let you drive a vehicle off the lot the same day as you purchase it.
Take some time to research different coverage options and costs for the car you are interested in, and make sure you have the coverage you need to drive your new vehicle home from the dealership.
When it comes to auto insurance, finding the best coverage for your needs isn't always easy. One of the things I do when I shop for car insurance is compare rates. As a concerned consumer, I want a rate that fits my budget throughout the year. I also want coverage that offers discounts, tips, and benefits for good drivers, such as easy-to-file accident claims and car rental services. I travel a lot, so I need services that make life easier for me. If you want to learn more about auto insurance, read my blog. You'll find tips that save you time and money.