It's not that you should necessarily consider the insurance costs when purchasing a new car, because there are a lot of more important factors to consider, but it's certainly one part of it. We're going to cover a couple of common scenarios in this post 1) What do you need to insure your first car...and 2) What needs to happen when you're upgrading to a new car.
When you're buying your first car (new or used) to get insurance you're going to need basic facts about the car and driver(s). On the car; Year, Make, Model, VIN. If you're leasing it or have a loan, you'll need the bank/finance company's name and address. On the driver(s): Name, DOB, DL#, up to 5 years of Accident/Ticket history. Then it's just a matter of picking the right insurance carrier, which we covered here.
If you're upgrading your car, you should notify your insurance carrier right away. New cars (new or used) are sometimes picked up automatically on an existing insurance policy if you buy comprehensive and collision, but that's not guranteed. Your proof of insurance from your old car will suffice to get you off the lot (provided you're not crossing state lines). Eventually you should notify your agent to have the new car added because if you pass 30 days there may not be coverage in case of an accident or loss. I usually recommend making the change right away when it's on your mind.
If you have any questions please contact me and I'll be happy to chat.
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