You need to buy a car, and you’re in a bit of a hurry. If you want to get your ducks all in a row, you might be wondering if you can get car insurance ahead of time. That way, once you make a deal on the car, all you have to do is put on the plates and drive away. It can be done, but it’s not quite as simple as it sounds. Getting auto insurance before buying a car requires you to have specific information about the vehicle you are purchasing, as well as some creative thinking.
Confirm a Specific Vehicle
If you are purchasing insurance on a car before you buy it, you’ll want to make sure it’s the right car for your needs. Buying car insurance ahead of the vehicle itself can come with some risk. Should the sale fall through, you may have cancellation fees to pay for the newly obtained insurance policy.
Step 1: Determine the car you would like to buy. Purchasing a car insurance policy requires you to have detailed information about the vehicle.
It isn’t good enough to have broad information, so you must know exactly which car you’d like to purchase.
Step 2: Make an agreement to purchase the car. It’s best to speak with the seller or dealership and confirm your intent to buy the car. The purchase agreement can be in verbal or written form.
Without a prior arrangement, you may be unaware of any fees, liens, the vehicle’s history, and the accurate mileage, all of which could affect your decision to purchase the car or your insurance policy’s premium.
It’s not mandatory to secure a sales agreement before buying an insurance policy. It could very well save you time and frustration if an agreement is reached ahead of time, however.
Step 3: Get the vehicle information to buy insurance. You’ll need specific vehicle information to purchase car insurance.
This includes the vehicle identification number (VIN), the current mileage on the odometer, the vehicle’s make, model and trim level, and if possible, the vehicle history report.
Get Car Insurance for the Car You Want to Buy
With both your personal information and the vehicle information, you can purchase a car insurance policy before you purchase your car. That way, you can immediately drive away once you’ve made your purchase!
Step 1: Contact your insurance provider to obtain a quote. This can be done online, in person, or on the phone.
Step 2: Submit your personal information. Complete the customer questionnaire using your personal information, your driver’s license number, and your Social Security number, if required.
Any inaccuracies can result in a canceled policy, so double-check your information before submitting it.
Step 3: Submit the vehicle information. Once again, accurate information is required here. Incomplete information will prevent you from purchasing car insurance before you buy the car.
Enter the complete 17-digit VIN, the accurate current mileage, and the make, model and trim level.
When you’re prompted for vehicle history information, complete the answers as truthfully as possible. Once again, inaccuracies can result in a terminated policy.
Step 4: Decide on the level of insurance you require. In most cases, you’ll have options for the level of coverage and the deductible associated with the policy.
Comprehensive insurance policies offer better coverage, but the insurance rates will be much higher than for a basic policy.
Step 5: Complete payment for your car insurance policy. With all the vehicle and personal information submitted and the coverage selected, you can now pay for the policy to be put it into effect.
When you own a car, car insurance is essential. Keep in mind that at some point in obtaining an insurance quote, a policy effective date will need to be specified. Paying for your car insurance does not necessarily make it immediately active. It will only cover the car from the effective date you’ve chosen.