So, you’ve just bought your dream car and can’t wait to start driving it – however, having insurance should always be a priority. Fortunately, if you already have a policy with one of these kinds of companies, it’s likely that you’ll have 4 days automatic coverage.
While this can be handy for those who’ve just purchased a new vehicle, temporary insurance won’t last long; which is why it’s often important to get your car insured as soon as possible.
Adding a new vehicle to your current auto insurance policy
One of the best things you can do when you buy a car is to add it to your existing coverage, so that you won’t have the burden of it hanging over your head while out on the road.
It’s often a good idea to get in touch with your agent and let them know that you’ve bought a new car. As mentioned above, you’ll generally have 4 days to arrange auto insurance – but since this may not be the case with all companies, it’s often best to find out more about your specific provider before you make a purchase.
Better yet, you could negate the need for this and notify your agent in advance, so you won’t have to worry about contacting them as soon as you have your new vehicle.
What will your agent need to know?
In most cases, you’ll need to give the company information on the car that you want to add to your existing policy. But what will they need to know? Generally, they’ll require information such as the model, year, make, and VIN. Additionally, if you are renting the vehicle, you may also need to provide contact information for the lender.
Notifying your insurer
One thing to remember is that, if you buy a car and already have a coverage plan in place with an insurance company, you should let them know (even if the dealership says they will do it for you).
What if you have multiple cars on your policy?
If you already have more than 1 car covered by your insurance, you may be aware of the protocol and regulations – and your newest vehicle will have the highest level of coverage automatically for the first 4 days before you add the car to your policy.
What if I don’t already have a car?
While everything mentioned above can be great for those who are already insured, this may not be the case for those who are buying a car for the first time. If you’ve just bought your first vehicle, you probably won’t have the option to add it to your current insurance plan.
In these instances, finding the right insurer for you is often the ideal solution. Because of this, it can often be a wise idea to contact an insurance company in advance. Just remember that having the correct coverage for your car is extremely important, and that you don’t have an extensive grace period to get your vehicle registered and in receipt of the necessary policies.