The grace period for getting insurance after you get a new car varies, but you could face consequences like fines if you don’t get coverage on time.
You’ll typically be required to purchase new car insurance before you drive your new vehicle off the dealership lot or before the grace period ends.
A lapse in car insurance is any period that your policy falls inactive. ; Because it’s illegal in most states to drive without insurance, penalties for a lapsed policy of even one day can be significant and are worth avoiding. ; If your policy lapses, fix the issue as soon as possible because penalties can grow steeper for longer lapses.
When you buy a car, you’ll need new car insurance, whether you’re sourcing a new policy or transferring existing coverage.
Texas doesn’t have a car insurance grace period. So, you’ll need to use your existing coverage or get a new policy when you buy a car. Learn more.
Wondering how insurance for your new car works? Learn about auto insurance coverage types and how to find the best rates on new car insurance.
All about car insurance grace period meaning and importance. Check ✓ Meaning Of Grace Period in Car Insurance ✓ Expired Car Insurance Grace Period.
If you’re planning on buying a new car, here’s what you need to know to make sure you have proper insurance coverage.
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Discover the importance of new car insurance, and learn how to find the right policy for your needs and budget.