Purchasing a new car is one matter, and getting auto insurance is another. This is because obtaining insurance is often a vital factor when it comes to buying a car. 

The question is: do you need to have insurance before buying a car? We’ll answer this critical question in the following sections. Keep on reading to find out more.

Auto insurance in a nutshell

Insurance is an agreement between you and the insurance provider where they will protect you in the event of an accident. The insurance protects you from financial losses, should your car get into a collision. It means that your insurance carrier will cover several aspects, such as repair, replacement costs, and even medical bills. 

Know that you’re actually required by law to have insurance when you own and drive a car. Your obligation is to pay premiums to your insurance provider so that they can provide you with the necessary benefits. That’s why insurance is even an expense to consider when adding up the total amount of money you will spend when buying a car.

Scenario 1: You have car insurance and are replacing the old car.

If you already have car insurance and are considering to replace your old car, your existing insurance policy may actually cover your new vehicle. All you have to do is to contact your insurance carrier and provide the details of your new car. Know, however, that though some insurance providers extend coverage for a new car, they will do so with certain restrictions while other carriers will only cover up to a certain number of days. That given, it’s best to contact your current insurance provider and see how to best proceed.

Scenario 2: You’re going to have your first car.

Ideally, you need to obtain insurance before you buy a car. If that will be the first car under your name, it’s best to have coverage on it before you leave the dealership lot. Know that you can technically get insurance beforehand and have it activated on the exact date you buy the car from the dealership. That way, you can legally drive your car home immediately. You can also buy insurance on the day you visit the dealership. You will only have to do it online or contact an insurance agent. 

The need to shop for insurance while shopping for cars

Going back to the main question: is it necessary to have insurance before buying a car? The answer is no. Keep in mind, however, that you need one to drive your car off the lot. 

Shopping around for a new car is actually the perfect time to shop around for insurance as well. If you give yourself more time than to get car insurance at the dealership hastily, you can potentially get a better deal on rates. That said, take some time to get quotes from various insurance companies to find the best deals. 

Work with a car accident management company

In the unfortunate case of a car accident, you don’t want to be unprotected. Work with a car accident management company for the smoothest experience, even in a bad situation. Vehicle recovery, 24/7 incident reporting, and damage assessment are a few of the services that car accident management companies—such as Road to Recovery UK—offer to you. We’ll make sure you’re supported in the face of disaster.

If you are looking for an accident management company in the UK, get in touch with us to see how we can help.