I'm buying a new car, do I need to contact my insurance company ? Or will everything change over?

Question

Basicly i'm trading in my old vehicle, and just want to transfer tags.

Answer 1

You need to call your insurance agent and make the changes to your policy. Many times the dealership will call but not all the time. I am an insurance agent and you would be surprised at the number of times people have called me up and said they purchased a vehicle months ago and don't know why it's not on their policy. I always ask if they called it in and they say that it's the dealerships responsibility. It's your insurance and it is your responsibility to call it in.

Enjoy the new car!!

Answer 2

Transfering tags is not related in anyway to the insurance. Tags has to do with DMV, insurance is just insurance.

Generally speaking, most insurance companies give you 30 days to let them know you've purchased a replacement vehicle for an exisiting car on the policy, and they'll extend coverage for 30 days.

This isn't something I would play around with....notify your insurance company of the trade asap. I would NEVER EVER EVER trust a dealership to this do...besides, they can't--only you can make the change.

Answer 3

You will need to call your insurance company. They will need the make model and VIN number of the new vehicle and will need a receipt from the DMV when you turn in your old tags. If you are buying the new car from a dealer, they should help you take care of all this. If not, call your Insurance company and make sure you have everything they need. If they have a website, it will probably have info there.

Answer 4

Yes, you must contact your insurance company, preferably before you even drive off in your new car from the dealer. However, if you don't, some insurance companies will give you a grace period of coverage for a few days or a week.

Your premiums are based on in part what type of car you drive and the cost to repair or replace it.

If you do not inform your insurance company of the new car, and something happens past your grace period, you will not be fully covered.

Answer 5

I'm in the state of TX...don't know if that makes a difference or not, but you would need to contact your insurance company and give them the information on the new vehicle...such as VIN#, make, model, what kind of coverage you want on this vehicle, etc.

Answer 6

You will need to contact your insurance agent. Most times the car dealer will actually contact them before you leave with the vehicle to insure that you do have coverage.

Answer 7

I DON'T THINK THAT ANY DEALER WILL LET YOU TAKE THE CAR OUT OF THE LOT WITHOUT PROPER INSURANCE(THEY CARE LESS IF YOU PAID IN FULL)FINANCE COMPANY'S FIRST REQUIREMENT IS FULL COVARAGE ON THE VEHICLE.BUT TALK TO THE DEALER AND IF NECESSARY TAKE THEM TO THE COURT.BY LOW THEY CANNOT ISSUE TEMPRORARY REG.WITHOUT SEEING THE PHYSICAL INSURANCE CARDS. GOOD LUCK NYS REGISTERED MV DEALER

Answer 8

"New car dealers usually call and take care of everything. I would call your insurance company to be sure though."

NOOOOOOOOOOOOO!

I cannot tell you how many times people total their new 07 vehicle and say "well my dealer changed the insurance over to this car why arent you covering it?!" YOUR DEALER CANNOT CHANGE YOUR POLICY- ITS ILLEGAL. YOU MUST TAKE CARE OF IT YOURSELF.

ahh, peoples ignorance kills me

Answer 9

New car dealers usually call and take care of everything. I would call your insurance company to be sure though.

Answer 10

you need to contact them. otherwise, your new car will be uninsured.