On a whim one Saturday afternoon, you go car shopping and drive away in a 2018 Honda. Do you have auto insurance coverage for the rest of the weekend until Neckerman opens at 8:00 on Monday morning?
Yes. Most insurance companies provide automatic coverage for new purchases equal to the broadest coverage you have on your current or other cars. In other words, if you already have a car insurance policy in effect and you purchase a new vehicle, that policy will cover you for up to 4 days.
Example: You currently own a 2002 Camry and you trade it in for the 2018 Honda.
If you are purchasing your first car or a new car and you don’t have insurance yet, you will need to get insurance well in advance of driving the car off the lot. Remember, auto insurance is required in Wisconsin.
No, this is also your responsibility. Do not rely on the dealership to do this for you, even if they say they will!
Again, you typically have 4 days to notify your agent of your new vehicle purchase. This is not true of all insurance companies so be sure to contact your agent to know how your insurance works. It’s always best to notify your agent in advance.