While some insurers offer a "grace period" (7 to 30 days) to add a car to an existing policy, first-time buyers should secure coverage leaving the lot. Most dealerships require proof of insurance to complete the sale.
Pays for repairs to your car if you hit another vehicle or object, regardless of who is at fault.
Helpful if you have a loan; it pays the difference between what you owe and the car's actual value if it’s totaled. 3. Manage Your Costs