How long do I have to add a new car to my auto insurance policy?
If you have auto insurance coverage for a different car and plan on transferring insurance from your old car to your new one, many insurance carriers offer a grace period for you to contact your agent and make the vehicle switch. During the grace period, your current auto insurance coverage automatically applies to your new car.
The length of the grace period depends on your insurance policy. Many insurance companies offer a new car insurance grace period for transferring insurance from one car to another, which can last anywhere from 24 hours to one month. Because this grace period varies by insurance company, it’s important that you talk to your agent before purchasing a car, so you don’t run into a situation where you get into an accident after your grace period ends but before you’ve secured proper auto insurance coverage for your new car.
If the vehicle you are replacing doesn’t have comprehensive and collision coverage, your new vehicle won’t either with the automatic coverage offered during the grace period.
If you don’t have a current auto insurance policy, you’ll need to secure a policy before you’re allowed to drive the car off the lot. Please let us know if we can help you.
-Casey Shipley, CISR