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How to Transfer Car Insurance to Your New Car

transfer car insurance

You can actually buy a new car if your current auto insurance policy is still active. From there, it’s a question of if the coverage you currently have is enough to cover your new vehicle? This post answers that and more with this guide on how to transfer your car insurance to a new vehicle. Not doing so can cause lapses in insurance, and that can affect your ability to get insurance.

Key Things to Remember When Transfering Your Car Insurance

You’ll need to communicate with your insurance company when transferring car insurance. You’ll want to inform them of your new car choice with information regarding its make, model, mileage, vehicle identification number (VIN), and safety measures. This is how they’ll be able to tell whether your current car insurance will be enough to cover your new car. If you are financing your new car, inform them about the lienholder. It’s also at that point when you may be required to carry full car insurance rather than just basic liability.

The old car you are transferring insurance from can be used as a trade-in. This is when the new car receives the same coverage as the old car. However, this may not always be the case if you’re financing your new car or if it is worth significantly more than the old one.

That’s why whenever you’re shopping for a new car, it always helps to go insurance shopping and pull multiple quotes to understand how much insurance you may need and how it can be different from your old car insurance. You always want to give yourself options.

How Can You Transfer Car Insurance With no Trade-in?

If you don’t have insurance, it’s vital to get coverage on the new vehicle. Before taking the vehicle home, if you are financing it, make sure you have proof of insurance. It’s usually a good idea to shop around or speak with an agent before purchasing car insurance.

If you’re buying a car for the first time and don’t have previous experience with auto insurance, this is especially important. Your driving record, credit report, and auto insurance history all play a role in determining your rates. The year and make of the automobile, as well as its overall safety record, how frequently thieves target that model, and the expected cost of repairs all impact auto insurance rates.

Can You Transfer Car Insurance on Non-Business Days?

Your insurance provider may have a 24-hour, seven-day-a-week customer service so you can purchase or transfer coverage on the weekends. Make a note of exactly what you’ll need to get your insurance in place, including the following: VIN, safety features, and make, model, and year of the car. This information is necessary for both establishing a new policy and setting a premium. If your vehicle was financed, you’d need to upgrade your insurance policy. If you don’t have collision and comprehensive coverage, the insurance company will notify your lender.

Have a few bumps in the road on your driving record? No worries, Insurance Navy takes on drivers of all risk levels to get them the coverage they need. Get an SR-22 quote online or phone us at 888-949-6289 to speak with an insurance expert.

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