Cancel your old car insurance policy. Your new insurance company can provide proof of insurance to your old company if needed, but it's generally not authorized to cancel a policy with another insurer on your behalf. After purchasing a new policy, you should immediately contact your old insurer and cancel your old policy. You'll receive a car insurance refund for any unused portion of your policy, subject to any cancellation fees that your insurer may charge.
Are you wondering how to insure your new car? The truth is that your current insurance policy will cover your new car from the moment you take it out of the parking lot, usually with the same level of coverage as your old car. However, if you don't have protection from liability or physical harm, you can end up stuck at the dealership or, worse, break the law. NEW YORK, March 2 (Reuters) - Auto insurer Progressive Corp. PGR, N awards rival Geico Inc.
If you lend your car to someone and that person causes an accident, Progressive may cover some of the damages they are responsible for. While your rate might be lower when a new car insurance company quotes, its protection and claim compliance may not match the standards of your current insurer. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. Even if you can't renew your old policy, you can usually buy a new car insurance policy without delay.
If you're currently insured with another insurance company, you can simply start a new policy with your new car. You can pay for your car insurance policy by credit card, PayPal, online check, personal check, money order, or electronic funds transfer (EFT) from your checking account. Affordability is important to everyone when it comes to car insurance coverage, but your car insurance company should be judged by how it handles claims. Every state requires auto insurance companies to declare how they calculate rates to customers, and insurers cannot deviate from these presented rates.
During your progressive quote, you won't be able to select car insurance coverages that don't apply to you. 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. If you plan to cancel your current car insurance policy, make sure that your new insurance policy is already in effect. In addition, if your policy includes car rental reimbursement and your car is damaged in a covered accident, Progressive will pay the rent (up to a specified limit and term) while your own car is repaired.