Log in to your policy at any time to add or remove vehicles or drivers, change addresses, pay bills, and more. Keep in mind that some changes will affect the price you pay for insurance, so your premium may change. To add a car to your policy, you can update your policy online or call your insurance company. Usually, you only need to provide the vehicle identification number (VIN), license plate number, and the make and model of the vehicle.
You may also be asked about the mileage and condition of the vehicle, depending on the insurer. Keep in mind that some insurers may limit the number of vehicles that can be included in a policy. When the sale of your vehicle is complete, you can contact your insurance company and cancel your policy. If you're buying a new vehicle, you can add it to your current policy instead of canceling it.
If you don't have physical damage coverage and your new car is stolen, wrecked, or damaged in an accident because of you, you won't receive money from your insurance company. Once your insurance is in order, contact your state's BMV or DMV to verify that your car registration is still valid and send all the necessary documentation with your updated insurance details. If you're currently insured with another insurance company, you can simply start a new policy with your new car. If you have enough savings to pay a higher car insurance deductible in the event of an accident, opting for a higher deductible will mean a lower premium.
If you're buying a new car, you can contact your insurance company to add your new car to your current car insurance policy. Next, contact your insurance company to temporarily suspend all or part of your insurance coverage for the period you are not going to drive. You can generally add someone else's car to your policy if you also share the same car insurance policy, which normally also requires living together. If you plan to take your car off the roads for some time and don't have a lease or loan, you can suspend some car insurance coverages to save money, without completely canceling your policy.
Depending on your state's regulations, you may be able to pause your car insurance if you're not driving for an extended period of time. Canceling your insurance will also cause an interruption in car insurance coverage, which may mean higher rates in the future. If you keep your car for an extended period of time, suspending car insurance could save you money. Don't take your car out of the warehouse until all of this has been resolved; if you're caught driving without proper insurance coverage or without a valid registration, you could be fined.
You should avoid completely canceling your car policy if you plan to drive again in the future, as a lapse in car insurance coverage will likely result in a higher premium when you start driving again. Since most insurers offer a grace period to update your policy with your new vehicle, your dealer will usually only need proof of insurance before giving you the keys. Yes, you can cancel your car insurance after selling it once you've transferred the title to the new owner, completed the bill of sale, and filed a notice of exemption from liability to your state's department of motor vehicles, if your state requires it.
