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Insurance transfer between cars

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Insurance transfer between cars

There will be a gap in coverage if you contact your insurer before you trade in your old automobile for a new one. But, you must decide whether to continue your current auto insurance coverage or get a new policy to protect your new vehicle. Read on what you can do and how to acquire the best auto insurance policy.

Although having your auto insurance coverage transferred to a different vehicle is simple, convenience is only sometimes a plus.

By following these suggestions, learn how to lower the cost of insuring your brand-new automobile.

Can I switch my auto insurance policy over to a different vehicle?

You can switch your auto insurance coverage to a new vehicle if you no longer need it for the one you originally bought. All you have to do is call them or email them the VIN of your new vehicle and a list of any customizations you've made beyond the factory settings. After receiving this data, your auto insurance may provide you with a price.

You don't have to renew your policy with your existing auto insurance company, so shop around before committing any cash.

Your insurance rate may increase if your new vehicle is more costly or has a more powerful engine. Consider the cost of any insurance changes or cancellations when deciding whether or not to switch insurers.

And if you do decide to cancel, you may obtain a prorated refund for the months you have yet to utilize as long as it's not close to the end of the year.

When I swap vehicles, how can I change my insurance policy?

You must inform them about your new vehicle if you want to keep your existing insurance company. Whatever number of months are remaining on your yearly insurance will be the number of months your coverage is active. It is recommended to renew your coverage each year.


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