Purchasing a new car is often a joyous occasion. You are excited to sign the paperwork and drive your new vehicle off the lot, but, before you do, keep in mind the legal ramifications of your actions. You are legally required to carry automobile insurance. Additionally, it is dangerous and costly to drive without it. We often get asked “am I automatically covered when I drive off the dealership lot with a new car?” The answer is may be no, as the process is not always automatic.
If you are currently insured, you should contact your insurer to find out the specifics of your policy. Many automotive insurance plans have some type of automatic coverage provision in place and they may give you a period of time to add a new car after purchase, however it is up to you to be a knowledgeable consumer and know the specifics of your agreement. You are still responsible for adding the new car within the parameters of your policy, as well as any additional costs that may be associated with your new car make or model. If you hear the phrases “grace period” or “30 days of free insurance” understand that only what is in the written, signed agreement is enforceable by law and you should find out the exact parameters meant by these phrases according to your policy provider. If you have already purchased a new vehicle and have not contacted your current insurance provider, please do so as soon as possible to make sure you are fully covered.
Finding the right automobile insurance policy can help keep the process of buying a new vehicle enjoyable. Let PoliSeek help you find the right coverage at the right price for you!
This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.