It can be easy to forget about researching car insurance when buying a new car. Because of all the excitement, you can easily skip over this detail. However, it may cause various financial problems as soon as you drive off the lot. Here are a few things you should know about buying car insurance in Maine for a new car.
Find out if your current car insurance policy will cover a new vehicle. It is common for policies to offer the same coverage to new cars, but there is usually a time limit. In some cases, you may only have 24 hours to look for new car insurance in Maine, or you may have up to two weeks. Don’t assume anything about your coverage.
Another thing you should not assume is that the dealership where you buy the car will cover all the paperwork for you regarding insurance. It is your responsibility to add a car to your policy. Don’t drive off the lot assuming that others took care of this for you. If you lease or finance a car, you may be obligated to carry certain types of insurance, like collision, comprehensive, and liability.
You should understand the types of coverage that are available and determine which options are right for you. For example, liability offers basic coverage for injuries and damage. Personal injury protection offers coverage for medical expenses. Gap insurance covers the vehicle if there is a total loss accident and you owe money on it. Comprehensive insurance offers coverage because of weather-related damage.
