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Yes, there is a grace period for car insurance when buying a new car, if you already have an insurance policy for another car. Most major insurance companies offer a grace period that lasts between seven and 30 days. This grace period will extend the coverage from your existing policy to your new car if you get into an accident before the policy is updated to include the new vehicle.
The length of the grace period for car insurance on a new car varies by company. Some companies, such as State Farm, Geico and Progressive, offer a 30-day grace period for existing customers. Others, however, do not offer one at all.
If you do not already have an insurance policy for another car, you will have to obtain a policy before you’ll be allowed to drive your new car off the dealership lot. In most cases, you can apply for and get insurance in under an hour.
People also ask
How long do you have to get insurance on a new car?
You may have anywhere from 2 to 30 days to tell your insurance company that you bought a new car if you are already insured, depending on financing and coverage details. If you don’t have car insurance already, you’ll need to get a new policy before you can legally drive your new car. Most car dealerships require proof of insurance to drive off the lot, so you’ll have to do some planning.
Either way, it’s wise...
read full answerDoes Geico have a new car grace period?
Yes, Geico has a 30-day grace period for adding a new car to an existing auto insurance policy. If you are already a Geico customer, you can drive your new car during the grace period and be covered by the Geico policy you already have. Drivers who are currently uninsured will need proof of insurance before they can drive legally.
How much coverage will I have during Geico’s new car grace period?
If...
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