Insurance is an important part of owning a vehicle. protects your investment and that of other vehicles on the road. it is also required by law in all states. however, the grace period you have between purchase and insurance on a used car may vary by state.
If you’re wondering how long you have to get used car insurance, our val-u-line® team is here to tell you. keep reading to learn more and contact us if you have questions!
if you already have insurance:
If you already have an insurance policy for your current trip, that coverage will apply to the vehicle you are purchasing for a short grace period. varies by state; usually between seven and 30 days.
It’s best to tell your insurance company that you bought another car as soon as possible. the same day is usually better. That way, they can make sure they’re giving you the best rates possible and giving you all the coverage you need. It will also help avoid any complications if the vehicle is damaged.
In most cases, all you need to do is call your insurance company and provide them with the year, make, model and VIN (vehicle identification number). they may also need the purchase price in some states. that will allow them to remove your old car from your policy and add your newest set of wheels.
if you don’t have insurance:
you need to have insurance to drive in all us states. uu. state, so you’ll need to get a policy before driving home in a used car. It’s best to call an insurance company or your local agent before going to the dealer. this will give you the opportunity to compare quotes from different insurers for different used cars.
Once you choose the insurance that best suits your needs, visit our used car dealership and choose your favorite used vehicle. We will send all the information to the insurance company of your choice, so they can set up your new policy. you’ll be on the road in no time.
You will also need insurance to register the vehicle. in some states, you’ll have a grace period of up to 20 days to get a registration, while others will require it before you walk away from the dealership.
need comprehensive coverage on a used car?
When you buy a used car, you only need liability coverage. this covers the cost of any damage you cause to another person or their property. full coverage includes liability, as well as optional comprehensive and collision coverage.
You will need full coverage if you choose to finance a used car. Most lenders will require you to have full coverage until the loan is paid off in full. this helps protect your investment.
If your car is less than 10 years old, you might also consider keeping it fully insured. You can also calculate the value of your vehicle. If your annual comprehensive and collision payment equals 10% of your car’s value, you may want to consider dropping coverage.
make sure your used car is insured today
Now that you know how long you have to get used car insurance, you’ll have more peace of mind as you embark on your car-buying journey. our team is here to guide you every step of the way, so you can hit the road with confidence.
Contact one of the val-u-line® used car dealers nationwide for more information!