When I buy a new car is it automatically covered?

Yes, when you replace an existing car or purchase an additional car, temporary car insurance coverage is automatically granted provided you notify the car insurance company within a specified period of time (usually 30 days). If you forget to notify your car insurance provider, coverage fees may be charged and your provider may even opt not to insure the new car. You may also purchase a new car insurance policy for your car as well. A car must be insured before you drive it.

When purchasing a new car, it is also an excellent opportunity to review your existing car insurance coverage and comparison shop with other companies. Insurance quotes on the car, year, make, model, and condition should be properly accessed to make sure that you are getting the best deal on your car insurance coverage. Keep in mind any necessary repairs that may be needed as well any potential factors that may affect the value of the car. If the new car is being refinanced, collision and comprehensive costs will also be required.