Buying a new car can be stressful, and that’s before you have even thought about insurance! Sometimes when buying a new car it can be a bit of shock how much it can cost to insure it, and where possible it is a good idea to have a look at how much it could cost to insure your new car before you buy it. However, if you have not had the chance to do this and suddenly find yourself needing insurance to drive your new car home, your best option might be to buy temporary car insurance to drive your new car until you find an annual policy that you are happy with. Buying A New Car is a very common reason to need temporary car insurance.
You might find that your current insurer will not insure your new car, and it can take a lot of time and effort to find a new annual policy where you’re happy with the price and coverage level. Plus a lot of waiting on hold. If you need cover now, to drive your new car home, or to carry on your daily journeys until you do find that yearly insurance you are happy with, then temporary cover is the best solution for you.
There are a few different options for what insurance options are available when you purchase a new car. Here are the most common options:
One of the most common scenarios is you are selling your old car and buying a new one, so you can try to change over your current insurance policy to cover your new car instead. Often this is possible, but you will be charged an admin fee by most insurance companies, and any change in premium if it is a more expensive or powerful car than your old one. In some circumstances however, your current insurer will not insure your new car, or might charge a lot more than you are willing to pay for the insurance of your new car. In these circumstances you might need temporary car insurance for your new car until you can find a new annual policy.
If you aren’t selling a car, or this is your first car, then you are more likely to need a new annual insurance policy. The best way to find the best policy for you is to shop around to make sure you get the best price and coverage level that you need. This can take time, so if you have this then that’s fine, but if you need to drive immediately it can be better to get short term cover to drive your new car whilst you find the time to set up your new annual policy.
In the end you will probably want an annual insurance policy, but getting one that you are happy with can take time, and that is why often people opt to buy temporary insurance for their new car until they can get an annual policy. This can be the cheapest option so you don’t have to rush into buying an over-priced yearly policy that you are not happy with.
Buying a new car can be stressful, and between finding a car, picking it up, getting insurance and tax sorted on it, it can become more expensive than you hoped for. Temporary Insurance is there to give you the flexibility you need when you buy a new car.
If you are planning any long drives in your new car you might want to know more about Temporary Car Insurance to Share the Driving.
