When you replace cars, transferring your insurance from one vehicle to the other should be a precedence. If possible, call your agent before driving the new car. Now is the time to notify your agent of any changes you want to make in deductibles or coverage limits.3.
1. Evaluate your coverage limits to arbitrate whether you necessitate to quarters your deductible or policy limits. Carinsurance.com recommends that you figure which coverage is required and from there decide "what you bear that needs to be protected" beyond the minimum. At the bare least, deal with your liability, filled and collision coverage limits to clinch that you acquire plentiful coverage.
2. Notify your insurance company as soon as possible after you change vehicles. Neglecting to promptly inform your agent of your car change could result in an unpaid claim if you were To possess an accident meanwhile. Depending on your Car insurance partnership, the mode could be as mild as calling your agent. Whether you be cognizant in advance that you game plan to replace cars, it's a acceptable thought to telephone your agent to verify the convention's policies ahead of day. Yet though swapping insurance from one vehivle to another should prove a quite child's play measure, you extremity to be aware of your partnership's procedures so that you don't risk a loss of coverage during the switch.
Instructions
Provide your insurance company with the details of your new car. Typically, your agent will need to know the Vehicle Identification Number (VIN) of the car, the make and model, and the purchase price, if applicable. Most auto insurance companies will transfer your coverage from your former vehicle to your new car over the phone.
4. Ask your insurance agent about the billing process for your coverage change. If there is a difference in rates, your company may send you a short bill for the difference to cover the period between your car change and your next regular billing statement.
5. Request an updated insurance card from your agent. Some states require drivers to keep proof of insurance in the vehicle. When you change cars, you'll need a record of insurance that lists the correct vehicle under coverage.
6. Check your short bill or next auto insurance statement for accuracy. Make sure your deductible and coverage limits are correct, and address any discrepancies immediately.
