Buying a new car is more than just going to a dealer and picking out the right one. You must insure the car BEFORE you drive it off the lot. Taking the time to establish a relationship with an Insurance Agent makes buying and insuring a car a much smoother experience. If you have a relationship with an insurance agent, it could just take a phone call and you are driving your new car home.
As soon as you know which car you want, let your insurance agent know. You will be asked a few questions about the car, such as the price, how many miles you plan to drive, and who will be driving. If you already have an existing policy, the new car could just be added to it.
If you don’t have an insurance agent, the car dealer should be able to give you a recommendation to get you started. Begin the process there at the dealership with a phone call. You will have to answer questions, and be ready with a deposit. Some agents will insist on an in-person inspection. The agent and car dealer will issue you an insurance binder that will act as an insurance policy until you get to the agent’s office.
A relationship with an agent will save you time, and give you a sense of security. Just taking the dealer’s recommendation can feel a bit random. A good insurance agent will be able to explain the cost of insurance for your budget and driving experience. This way there are no surprises when you purchase a car and realize it is too expensive to insure.
Whether or not you have an established relationship with an insurance agent, do not drive a car without insurance. You are just asking for trouble. If you aren’t insured, and you get into an accident, regardless of who is at fault, you could be facing serious financial and legal trouble. Don’t get so caught up in the excitement of buying a car that you let yourself forget the importance of car insurance. If you can’t get insurance immediately, it is not OK to drive home thinking you will do it tomorrow. Leave the car with the dealer and contact the insurance agent! When you go back to pick up your new car, you can feel confident that you are insured.