When researching buying a new car, you have a lot on your mind. You want an automobile that’s safe, fast, user-friendly, and gleaming. But it’s important not to forget car insurance. In most states, dealerships require you to have insurance for your vehicle before you even drive off the lot and remove the stickers. If you have insurance for your previous car, it will temporarily cover your new automobile. But don’t let that lull you into a false sense of security. Get the new insurance taken care of sooner rather than later. Usually, you will have two to four weeks to inform your insurance company that you purchased a new car. While it’s essential to let them know within the grace period, you should be fine with the temporary coverage unless you will be using the car for business. The rules vary for handling transfer of coverage. For State Farm, you have 14 days to inform your agent. For Allstate, you have 30 days. After both these deadlines, your insurance will be taken away. However, if the state rules require a longer grace period, the companies must abide by those laws.
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