In most states across the country, it is illegal to drive a car without car insurance. Actually, in addition to not being legal, it is a risk to your safety and pocketbook to own a vehicle on the road that is not insured.
Although the frequent question for people buying a new car is whether they can get insurance before they buy the car, the answer is yes. The agency where you buy your vehicle will not let you take it if it is not insured.
Can you insure a car you haven’t bought yet?
As a matter of fact, yes. Depending on the case, your insurance company can provide you with the paperwork to insure your new car, with simple details of your chosen vehicle.
Primarily, you will need to provide personal information about yourself and the vehicle’s manufacturer, year, model, and VIN. Once you provide all the information to the insurance company, the process will begin.
Generally, the insurance company will give you multiple plans and coverages when they get all the information you have given them. In addition, it will help you get out of all the legal paperwork that comes with buying a car.
How bad can it be to drive without insurance?
If you ignore all the legal stuff, which depends on the state you live in, you could even go to jail. Driving an uninsured car is too dangerous for you, your family, and your wallet.
If you were to get into an accident, you would have to cover all the costs of repairing your car, and if you were the one who caused the crash, you would have to pay all the costs of repairing the other person’s car.
In the worst-case scenario, the prices would go up excessively if someone in the accident is injured. But if one person dies, there is no precedent for how much you would have to spend.
Following the same order of ideas, insuring your car is the best option to protect your pocket from unforeseen expenses.
When do I have to insure the car I am going to buy?
Considering how bad it already is to drive without insurance, the best answer would be as soon as possible. Although it is important to ensure your car early, doing it the day before the purchase will give you enough time.
So before you think about buying a car, check with your trusted insurance company about the plans available for insuring cars. Once you have chosen the vehicle you want to buy, contact the insurance company to provide them with all the information about the vehicle.
If you cannot travel to your insurer’s offices, you can ask for online customer service. Some even give you offers for making contracts through the Internet.
All the coverages you will be given may vary depending on the cost of the vehicle or if it is being financed. When the car is financed, it is best to insure it fully. In some states, you will need liability insurance to get your car out of a dealership. In most, though, comprehensive collision insurance is recommended.
Things will also be different if you are buying a used car. With this purchase, you must be careful in the legal part since special coverages are often needed. Before going through this process, research the laws in your state related to car insurance. In fact, in some states, insurance for natural disasters is mandatory.
Ways to save some money by insuring your car
In the insurance market, many offer great deals because you start insuring your cars with them. But there are other ways besides those misleading discounts.
Be responsible when driving
Although it may seem too good to be true, insurance companies offer great discounts to drivers who do not have a history of car accidents. They have several reasons for charging less to someone who does not crash while driving.
The best reason is that they save a lot of money since you are less likely to have an accident, and they have to cover everything covered by your insurance.
Ensure everything with one company
Because an insurer’s profit depends on what you decide to insure with them, the more things you insure with them, the more appreciation they have for you.
Many insurance companies give discounts of up to 30% for the more things you insure with them, whether it is your home, your children, or all your cars.
Take a look around
There are many insurances with millions of rates, discounts, or advantages. It will always be the best option to do an extensive search until you get the one that best suits you.
Try to find insurances that are not so famous; they always offer better discounts and possibilities because they have few customers. At the same time, a major insurance company will not be affected too much if you do not go with them.
However, the best way to save money is always to insure everything you own. You never know when an accident or something not in your plans might happen.
So the best thing to do will always be to have insurance and not need it than to need it and not have it.