Best Way to Add a New Vehicle to Car Insurance in New Bedford
There are lots of different methods used by consumers today to purchase a brand new or used vehicle. It is now possible to purchase a car online without ever setting foot in a dealership. Individuals can also get pre-approved for financing, pick out a car from an app, and have it delivered to their home. We have come so far in recent years with new technology providing opportunities that would otherwise require hours to be spent haggling over prices and signing extensive contracts. When it comes to getting an auto insurance policy for your new vehicle, make sure you speak with your New Bedford auto insurance agent to find out what your options are for getting coverage. Most dealers and lenders will require immediate coverage, but how do you do that when buying a car at nine o’clock at night through a website or having a new car delivered on the weekend?
Proof of Insurance
Start by contacting your trusted MA auto insurance agent at Borden Insurance to find out the terms of your existing policy for car insurance in New Bedford. Whether you are trading in your current vehicle or simply adding a new one to your coverage, in many cases, a newly purchased vehicle will be automatically covered under the existing policy for a few days before it is officially added to the policy. However, it’s a good idea to speak with your agent to make sure before you just drive off with a new car or truck. The proof that you will need to provide to the car dealer, lender, or online salesperson will likely be just a copy of your current proof of insurance that you would provide to law enforcement. You can check with the terms and conditions on the website for the dealer or lender ahead of time as well to determine what information they will require from you.
Even if your new vehicle is covered for a few days, it is highly recommended that you add the new car or truck to your auto insurance policy as soon as possible. Just because there is a grace period, doesn’t mean that you shouldn’t act quickly to include your new vehicle in with your coverage. This will prevent any miscommunications or issues that might arise from the lender or dealer with regard to insurance verification. While they will take your proof of current insurance at the time of the sale, they will also check with your New Bedford auto insurance company after the fact to make sure that the car is included in the policy. This is to protect their interests, reduce risk, and prevent loss, so it is a top priority. To avoid any potential problems, the sooner you can contact your agent to add the vehicle, the better.
Adding a Vehicle Ahead of Time – Did you know that it is possible to add a new vehicle to your MA auto insurance policy before you even buy it? Just contact your trusted agent during office hours and let them know that you are shopping and will be purchasing a vehicle very soon. This means that whether the sale occurs on the weekend or in the wee hours of the night, you will still be covered. If you are looking at a specific vehicle through an app or website, you can provide the vehicle identification number (VIN), the purchase price, and any other essential details, including the effective date for the policy. This can only be done if you have all of the details directly from the dealership or sales company, and if you’re sure that this is the vehicle that you will want to buy. If you do not have an agreement, pre-approved financing, and other essential elements in place, this might not be the approach for you. This should only be done when you are in the final stages of actually purchasing the vehicle.
How Much Insurance Do You Need?
The variables surrounding your new policy for car insurance in New Bedford will be set by two criteria: the state laws covering car owners in Massachusetts and the requirements of the lender as part of the new vehicle purchase. Most lenders demand what is known as “full coverage insurance” for the duration of the payment plan. It is designed to help them reduce risk and mitigate any losses due to an accident, theft, or other covered losses. Many vehicle owners opt to continue with the higher coverage even after the loan has been paid off to provide comprehensive protection for their car or truck. How much insurance do you need for your new car? Speak with your trusted MA auto insurance agent to discuss your options and make sure that you have the coverage you need at a price that you can afford. We can offer insight and help you to navigate the world of New Bedford auto insurance in a way that will make sense.
Contact our team today for a FREE quote or to discuss your existing auto insurance policy. Are you thinking about buying a new vehicle? Speak with your MA auto insurance agent to make sure you are prepared with all of the proof and coverage required to protect your new investment. Call today at 508-999-3636 to reach Borden Insurance Agency in New Bedford, Massachusetts.