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Shopping For a New Car? First, Make Sure You Have 2 Important Things on Your Policy

When you buy a new or used vehicle, your current auto insurance policy automatically covers your new purchase. That makes it easy to drive your new car off the lot right away.

But if you have an older vehicle that you’ve paid off, you may not have comprehensive or collision insurance on it. A vehicle that you own outright, meaning you don’t have a car payment, isn’t required to have those coverages. Read more about comprehensive and collision coverages.

If you’re financing or leasing your new vehicle, your lender will most likely require you to have comprehensive and collision insurance.

So before you go car shopping, contact us to make sure your current auto policy has comprehensive and collision insurance at the right limits to provide coverage for your new vehicle. If you lease your vehicle, you may want to add gap insurance as well. And you’ll need to add your new car to your policy within 30 days of purchase.

Will your insurance rates go up with a new vehicle?

It’s possible, because your new vehicle is probably worth more than your old one. But you might also receive discounts on your policy if your new car has safety features your old car didn’t have.

If you’ve found the right car for you, take a moment to request a quote from Kelly Miller Insurance Associates. We’ll tell you what your rates will be on the new vehicle so there are no surprises later.

Want to know more about auto insurance? Contact Kelly Miller Insurance Associates at (916) 652-3100 or email info@kellymillerinsurance.com.

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