How do you switch insurance on your car if you get another one?

Question

1) How much paperwork is involved. I drive a 92 Lebaron that is not too far from dying. I would like to buy a car within the next year and make monthly payments.

2) Is it really "just a phonecall" with my agent?

3) Do I get to keep my license plate?

4) What happens to my excise tax?--Do I have to inform my town hall of my new vehicle? Do I still get billed for my old car?

Answer 1

very little paperwork, just give your ins.co. a copy of the VIN so they can change the vehicle info and issue a new card
some states require that you keep the same tag, just go to the tag office and give them all the info
and yes, you will probably have to pay at the time you change the tag due to the increase in value of the car
if you trade the old car in or are not planning on driving it anymore, you can drop the insurance and let the tag office know your intentions.
I have just called my agent and gave them the info and they mailed me a new card

Answer 2

Hi, there should be a number for customer service on your card....call it and let them know that you are not going to be renewing....if there is something else you need to do they will explain it to you.
If you are switching, save yourself some aggravation and do a real thorough search for the best price.
This is a very quick and straight forward tool to find cheap insurance:
http://easily-cheapest-car-insurance.autoinsuranceproviders.esuperfind.com/insuranceland.php
input your data and hit enter, they'll come back with prices from different insurers in your area. It's very quick and free of charge.

Here's more from my bookmarks:
http://comparecheap-motoring-insurance.insurance.moneysavecenter.com/index.htm

Always get several quotes, try them all, they are free so find the cheapest one, it's out there.












RE:
How do you switch insurance on your car if you get another one?
1) How much paperwork is involved. I drive a 92 Lebaron that is not too far from dying. I would like to buy a car within the next year and make monthly payments.

2) Is it really " with my agent?

3) Do I get to keep my license plate?

4) What happens to my excise tax?--Do I have to inform my town hall of my new vehicle? Do I still get billed for my old car?

Answer 3

1./2. Being that your old car is old, chances are you only have liability insurance, when you get the new car with financing you'll need full coverage, so you'll need to contact your agent before you drive off with your new car, probably pay some more money and then drive off. If it's not a brand new car you'll probably need to stop by your insurance agents office within the first couple of days for them to check it for damages.
3. Some states have you keep your same plates, the dealer should know that info.
4. As long as you turn in a release on your old car you won't have to pay on it. Don't trust the dealer to turn in your release, you do it, after all they won't get stuck with any mishaps you would.
As for your taxes most states say thank you for you money have a nice day, you'd have to check with your local property tax agency.
Happy car hunting!!!

Answer 4

I might suggest you to try this web site where you can get quotes from different companies: http://INSUREQUOTE.US/index.html?src=1YAyXRRff8Wzx

RE :How do you switch insurance on your car if you get another one?
1) How much paperwork is involved. I drive a 92 Lebaron that is not too far from dying. I would like to buy a car within the next year and make monthly payments.

2) Is it really "just a phonecall" with my agent?

3) Do I get to keep my license plate?

4) What happens to my excise tax?--Do I have to inform my town hall of my new vehicle? Do I still get billed for my old car?
Follow 5 answers

Answer 5

Yes, it is just a phone call away, but it's better to go to them in person...That way they can take a picture of the new car, and know all the particulars, i.e., the vin #, etc...The license plate will be renewed with the car, and you will just have to pay the difference...The tax should be billed through the dealer, if you buy through one...I don't think town hall has to know as the registration should take care of that...You will still get billed for your old car, unless it sits in a driveway, etc...I hope I answered your questions...Thank you...

Answer 6

You just call your agent and give him or her the details on the new vehicle.

Whether or not you keep your tags depends upon state law. In MA and MO, you keep them. In TX, they stay with the car. Contact your DMV for your state's policy.

Excise tax varies from state to state.

In MA, the RMV forwards the information to your city or town tax collector who sends you the bill directly. If you fail to pay when due, they notify the RMV who dispatches an enforcement officer to pull your tags.

In MO, you must declare your taxable property in the late winter or early spring every year. You're taxed on each automobile that you owned on January 1st of that year, even if you dispose of it on January 2nd. You don't pay excise tax until the year following the year of acquisition unless you take delivery on January 1st.

You'll need to contact your tax collector's office to find out what your state's policy and procedure on that is.