Call us at 855-735-1600
Home Page Get A Quote Contact Us Newsletter Home Page Lines of business buttons Auto Home Commercial Life Dental Registration Services International Drivers' License Mexican Insurance Motorcycle Boats Road Side Service

Hail to the chief! If you’re in the market for a new car, depending on what type of vehicle you’re looking for, President’s Day Weekend may be the time to find it. In addition to certain discounts from the automakers, dealerships also may be offering deals or incentives to buy. But whether you’re buying your first car or trading in for a “Presidential” upgrade, it’s important to keep in mind a few things about auto insurance when shopping for a new car.
 
First, if you’re serious about buying a new car (or a new-to-you used car!), before you even step onto a dealer’s lot, let your Trusted Choice ® independent insurance agent know you’ll be buying a car. First of all, if you have a specific make and model in mind they may be able to give you a quote on the price of insurance coverage, so that you can factor it into your budget and decision making process.
 
Second, you cannot drive the car off of the lot without insurance coverage, so making arrangements with your agent ahead of time can save you time and effort scrambling to secure coverage while at the dealership.
 
Here are a few more things to consider…


Do you already have insurance?
     
  • Yes - If you already have auto insurance on your existing car and are trading it in, some insurance companies will cover your new car for up to 30 days before changing to a new policy, but make sure you ask your agent if your current company will provide coverage on the new car until you’re ready to make separate arrangements. If your old car or trade-in doesn’t have collision coverage and you’re financing the new car, the lending company will very likely require that you add collision coverage.  Ask your agent if your new car is eligible for any insurance discounts your previous car wasn’t- some insurance companies provide discounts for certain safety features and anti-theft devices.
  • No - If this is your first car you’ll definitely want to make arrangements with your agent ahead of time. If you already have homeowners or renters insurance, you may be eligible for discounts on premium by adding an auto policy with the same company.  

Test Drives


  • As a smart shopper you may want to literally kick the tires on a few models and visit a few dealerships before making your decision. In fact, you’ll probably want to take a prospective car out for a test drive. But what happens if you get into an accident during your test drive? 
  • There are a lot of variables at play when you test drive a car. First of all, even though the dealer may have insurance on the vehicles, do not assume that you are absolved of all of the risk of taking the car for a test drive. Understand what insurance coverage you have and what insurance coverage may be required by your state or the dealership before taking a test drive.
  • Make sure that dealer assures you that if you do have an accident and damage the car, their insurance company will not come after you for reimbursement. Most garage policies (which insure the cars for the dealership) allow the dealer to waive subrogation in advance (in other words coming after you for the reimbursement).

Shopping for and buying a new car can be fun, and you should feel comfortable asking your Trusted Choice agent questions about coverage and cost to help ease the buying process. (Source)
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
follow us quick links mission statement
Facebook

LinkedIn

Yelp
RSS Feed

Twitter

Google+
Home Page
About Us
Our Services
Newsletter
Get A Quote
Contact Us
"We are dedicated to providing you with the best possible service.
This includes finding you the best quote possible!"
True Rate Insurance | 3 Locations to Serve You: Los Angeles - Bell - Whittier | Ph: 323-735-1600 | CA License#0C26157            Copyright True Rate Insurance 2012
RSS Twitter Facebook LinkedIn Rss Feed Twitter Google+ Facebook LinkedIn Yelp