It is important to note that even if you do have a grace period, this only includes the level of coverage you had on your previous vehicle. According to WalletHub, this grace period is usually from seven to 30 days and varies from one provider to the next. It is always important to read your policy and find out if, and what, your grace period covers your vehicle purchase. Most insurance companies will provide you with quotes pretty fast and in most cases, you can usually get new insurance in 24 hours or less. Additionally, even if you choose a lease, you will still need proof of insurance. This is usually a requirement whether you are buying a used or new vehicle. Also, if you already have insurance on a different vehicle, you may be able to show proof of that insurance. In some cases, you may be able to call an insurance representative to find coverage right from the dealership. If you are buying a vehicle from a dealership, then you will need proof of insurance before they allow you to leave with the car. However, you must keep in mind that driving without insurance is illegal and could end up costing you a lot in legal fees and even more if you are in an accident. If you are buying a vehicle from a private seller, they will not usually request proof of insurance before leaving with the new car. Depending on the dealership and if you are buying your new car with a loan, however, you may have to have proof of insurance before taking your new car home. Most insurance companies offer a short grace period in which your new car is covered. If you already have car insurance for another vehicle, you may not yet have to buy another plan. It is usually best to buy car insurance before you get your new vehicle. How Soon After Buying a Car Do You Need Insurance? In most cases, you may want to purchase an insurance plan before buying a new car to ensure that you have enough coverage. If you're thinking about buying a new car, you should also be thinking about insurance needs.
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