Insurance and Buying a Car at a Dealership

Let’s face it – shopping at a dealership for a new or used vehicle can be stressful but there’s more exciting or relieving than when the process is finally complete and you receive the keys to your new vehicle. When shopping for a new or used vehicle, not only do you need to have financing in advance of being able to sign on the dotted line but also you will need to show the car dealership proof of insurance. 

Keep in mind that since you’ll need to have proof of insurance on the day you take delivery of the vehicle if you are shopping on a weekend, then it may not be a bad idea to call your insurance company or agent in advance of the purchase. This way, you’ll be guaranteed of having everything done in advance – just in case there are any issues. Additionally, just because you add insurance for a new vehicle unto your policy does not mean that you have to start paying for it at the same time. Most major insurance companies will allow you to select a date in advance that you want the coverage to begin on so you only have to pay for it when you take ownership of the vehicle. 

Additionally, depending on whether you pay cash, finance, or lease your vehicle you may be required to have different types of insurance coverage. For example, buying cash means that you only have to carry the minimum insurance coverage requirements in your state whereas with a financed vehicle you will need to have collision, comprehensive, and liability coverage on your policy. 

When it comes to finding your next auto insurance policy, AFI Insurance in Denver, CO is ready to assist. Our friendly and knowledgeable team of insurance professionals will take the time to answer all your questions while helping you find a policy that best fits your needs.