Having a new car ignites an excitement like no other. But since most states require car insurance policy for all car owners and drivers, you might not be able to drive your brand new ride yet if you are not a policy holder.
Well this is not surprisingly new for car dealers will inform you before you can even drive your car off the lot that you must show them a proof of your car insurance policy.
Now what to do in case you do not have any car insurance yet? First you must have a policy before you purchase your car. Decide on what kind of coverage you and your brand new car needs. In making decisions about this make sure to incorporate the requirement set forth by your state. By doing so you are certain that you cannot be classified by your state as underinsured and you are making yourself saved from lots of trouble it may cause.
If you purchased your car through a car loan you will have to add your bank or financial institute to your considerations in deciding what coverage to get. Mostly for new cars, your bank will require you specific coverage types to protect their business as well. Often banks and financial institutes would require their borrowers to avail for collision insurance and comprehensive coverage.
Before you buy your new car it is best if you have researched on different car insurance quotes beforehand. If you have an idea about the rates of premiums you will also be helped in your decision making of what make or model of car would you get. If you know how much a specific type of car would cost under the coverage you desire then you can weigh if handling an expensive rate for a new model of a car would be worth it or not. Luxury cars, sports cars and other thieves-attracting car models generally would be matched with a high premium rate. You might want to consider driving a mid-sized family type car to save some dollars.
For cars purchased through a loan if you do not apply for car insurance policy your finance company or bank would do it for you which will end you up paying triple of the price if you do it on your own.
Just like the regular way of obtaining a reduced amount to pay for a car safety devices which lowers the risk of bodily injuries or damages in cases of accidents. If your car has an alarm system and airbags you can earn yourself some discounts.