FAQ

How Soon After Buying a Car Do You Need Insurance?

If you’re thinking about buying a new car, you should also think about your insurance needs. In most cases, you may want to purchase an insurance plan before you buy a new car to make sure you have enough coverage.

how soon after buying a car do you need insurance?

It’s usually best to purchase auto insurance before you get your new vehicle. If you already have auto insurance for another vehicle, you may not need to purchase another plan yet. Most insurance companies offer a short grace period in which your new car is covered. however, depending on the dealer and if you’re buying your new car with a loan, you may need to have proof of insurance before you bring your new car home.

Reading: Insurance coverage when buying a new car

If you’re buying a vehicle from a private seller, they usually won’t ask for proof of insurance before you drive off with the new car. however, you should be aware that driving without insurance is illegal and could end up costing you a lot in legal fees and even more if you are in an accident.

get proof of insurance for a new car

If you’re buying a vehicle from a dealer, you’ll need proof of insurance before you’re allowed to drive away. In some cases, you may be able to call an insurance representative to find coverage directly from the dealer. Also, if you already have insurance on a different vehicle, you may be able to show proof of that insurance. this is usually a requirement, whether you are purchasing a used or new vehicle. plus, even if you choose a lease, you’ll still need proof of insurance.

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Most insurance companies will provide you with quotes fairly quickly, and in most cases, you can get new insurance in 24 hours or less.

How do I know if I have a grace period?

It is always important to read your policy and find out if and what your grace period covers your vehicle purchase. according to wallethub, this grace period is typically seven to 30 days and varies from provider to provider. It’s important to note that even if you have a grace period, this only includes the level of coverage you had on your previous vehicle.

If you’re buying a vehicle that’s worth more, or taking out a loan, you may need to have comprehensive coverage, including comprehensive and collision coverage. While basic insurance protects you if you damage someone else’s vehicle in an accident, comprehensive coverage also covers your damages and medical bills.

how to update your insurance when buying a new car

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If you currently have insurance and plan to stay with the same carrier, you’ll need to notify them that you’re buying a new car. They will request certain information about your vehicle, including:

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