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Can insurance be transferred to a new vehicle?


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Wiki User
2015-07-15 20:50:27
2015-07-15 20:50:27
Insurance transferYes, It's normal. You just call your Insurance Agent and notify them that you are obtaining another vehicle. Your agent will ask the make and model as well as the vehicle identification number to schedule the vehicle on your existing policy. Most companies automatically cover the new car when you trade, but you need to notify them of the change as soon as possible. The newer car will probably increase the premium.

For days 1-4 after you purchase a new car, it is covered by comprehensive, no matter what type of insurance you carry on your other cars. On days 5-14, your new car will carry the same insurance as your best coverage (ex: if you have liability on one car, and comprehensive on a different car, your new car will also be covered by comprehensive). After day 14, you will have no coverage unless you have notified your insurance company and added the car to your insurance plan.

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if you are driving it , of course you do! When you go to trrade it in, the insurance will be transferred to your new vehicle and adjusted accordingly.

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The new owner must purchase their own auto insurance policy. The previous owners auto insurance can not be transferred to a new owner.

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Title to real property is transferred to a new owner by a written document called a deed. Title insurance cannot be transferred to a new owner. Each owner must purchase their own title insurance.

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No. Insurance is based upon a persons ability to be insured.

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You need insurance on a new car BEFORE you even drive it off the lot. Get a quote before purchasing the vehicle and have it saved by your agent. Then the day you purchase the vehicle, have the VIN in hand, and purchase the insurance before picking up the vehicle.


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