Do I Need Insurance Before I Buy a Car? | Direct Auto
But what if you ’ re hush car patronize ? Don ’ t worry – if you ’ re not certain of the specific vehicle you ’ rhenium buy, you can placid shop for car policy and set your policy to kick in the same day you take home your new ride .
Before we dig in, here are some fast facts about insuring a new or use vehicle :
- You need at least the minimum amount of insurance required by your state.
- If you’re trading in a car for a new one or buying a car without a trade-in, your existing coverage usually transfers to your new ride for a limited period before you must notify your insurance provider.
- If you’re a first-time car buyer without insurance, you’ll need to secure coverage before you take the car home.
Can you get a car insurance quote without a car?
When you apply for a cable car insurance quote, you have to submit some basic data, including :
- Names and dates of birth for all drivers on the policy
- Driver’s license numbers and social security numbers for all drivers on the policy
- Address of policyholder and address where the vehicle will be garaged (usually the same place)
- Vehicle Identification Number (VIN) for each car on the policy
- The declarations page from your current or most recent car insurance policy
You ’ ll want to share specifics about your vehicle to get the most accurate cable car policy quotation and for your policy to ultimately go into effect. Those specifics are contained in a vehicle ’ sulfur singular VIN. however, if you ’ re inactive cable car denounce, you probably don ’ t have a VIN. That ’ randomness OK – you can normally get a car policy quote with merely the make and exemplar of the fomite you plan on buying .
And if you do know the specific vehicle you ’ rhenium buy, ask the seller for the VIN so you can get your policy details squared away with your indemnity provider ahead of meter. Remember to set your policy ’ s startle date to the date you ’ ll be driving your new car dwelling .
Read: What ’ s a VIN & Why Does My car Have One ?
Do I need insurance before I buy a car?
You need car policy to take your car home and legally tug. however, the process for securing coverage is a little different if you ’ rhenium trade in a fomite versus buying a newfangled one without a trade-in .
If you’re trading in a car:
There ’ south a probability the car policy coverage on the cable car you ’ rhenium trade in may transfer to the new vehicle for a set total of meter. Auto insurance policies by and large include a grace time period that may last one week astir to 30 days, at which item you must add your new vehicle to your existing car indemnity policy or font penalties. then, if you had liability, collision, and comprehensive coverage on your old car, those coverages would likely apply to your newfangled vehicle during the decorate menstruation .
just remember to check with your current insurance provider to see if they ’ ll extend impermanent coverage to your fresh depend on before you drive it off the draw. If they do, big ! Find out how long you have to add the car to your policy and what limitations apply. If not, then you ’ ll need to add the fomite to your policy before you can take it home .
If you’re buying a car without a trade-in:
You ’ ll need to show proof of insurance to drive your new car home if you ’ re buy another vehicle without a trade-in. If you already have car policy, your policy typically covers your raw car purchase for a restrict period – normally one week up to 30 days. once that period is up, you ’ ll necessitate to update your policy to include your raw vehicle or your fresh car won ’ deoxythymidine monophosphate be covered.
If your car indemnity policy doesn ’ deoxythymidine monophosphate already include comprehensive and collision coverage, you may want to consider adding them – specially if you ’ rhenium buy a brand-new or like-new exploited fomite that would be expensive to replace. Comprehensive and collision coverage offer fiscal protection if your vehicle is stolen or damaged in an accident that was your fault .
If you’re a first-time car buyer without insurance:
You ’ ll want to secure car insurance coverage before you can take your modern cable car home if you ’ re a first-time cable car buyer without policy. Once you pick a specific fomite and have a VIN, contact your indemnity provider and set up your policy to begin the same day you plan on picking up your newly car .
You may want to consider adding comprehensive and collision coverage if you ’ re bribe a brand-new or newer used cable car. If you ’ re taking out a car loanword, your lender credibly requires these coverages, which are designed to protect you if your vehicle is stolen or damaged in an accident you cause. Without them, you ’ vitamin d be on your own .
Can you drive a car without insurance if you just bought it?
If you don ’ t have car insurance, you should not drive your new car home until you have a policy in place. In fact, your dealer credibly won ’ triiodothyronine let you !
Most cable car dealerships require you to show validation of insurance when purchasing a newfangled or use car. If you are financing your new vehicle with a loan through a bank or early lender, you will decidedly be required to show proof of insurance .
You can normally demonstrate validation of insurance by showing your insurance batting order or having your insurance provider facsimile or electronic mail proof of indemnity to the franchise .
What are the penalties for driving without insurance?
Driving without insurance is extremely bad, not to mention against the law in all but one department of state ! ( New Hampshire requires “ proof of fiscal province ”. ) The penalties for driving without policy are steep and include fines, license suspensions, and even imprison time in some cases. If you cause an accident while driving without indemnity, you ’ ll not only have to contend with the legal repercussions ; you ’ ll besides be financially creditworthy for any injuries or property damage you cause.
Read more: The Best Car Insurance Companies for 2022
It ’ randomness significant to remember that the penalties for driving without policy practice no matter what – whether you ’ ve had your car for 10 years or 10 minutes .
Driving without indemnity besides means you ’ ll have a opening in your insurance history when you apply for coverage again, which can make it difficult to get insured. even, it doesn ’ triiodothyronine entail you ’ re wholly out of luck. insurance companies like lineal Auto offer non-standard car insurance for drivers who have lapsed coverage or might be considered “ high risk ” by other insurers .
Can you get car insurance the same day you buy a car?
buy car policy is a fairly fast procedure. You can buy a mark fresh car and an car indemnity policy on the same day. With direct Auto, you can even purchase a policy over the phone while you ’ re at the franchise. For a free cable car indemnity quote or to learn more about our low-cost coverage options, call 1-877-GO-DIRECT ( 1-877-463-4732 ), suction stop, or visit a lineal Auto location near you .
Category : car insurance questions