With Progressive, you have 30 days to transfer your insurance to your new car. The coverages you have on your old vehicle will continue to apply to your new car during that period. You may have to change car insurance companies when you move to another state if your current provider doesn't sell insurance in the state you're moving to. If you stay in the same state, you won't have to change insurance companies.
If you're moving to another state, check with your car insurance provider to make sure they offer coverage in your new state. When buying a new car, your insurance company will provide you with a grace period of between 7 and 30 days to update your policy with your new trip. For example, Progressive allows 30 days, which means that if you file a claim within that period, your new car will continue to be covered in the same way as your old vehicle. Renewing your car insurance is often a simple process.
Your insurer will contact you by mail or email with the updated rate. If you accept the updated rate, simply make a down payment or pay your renewal quote in full. If you don't have physical damage coverage and your new car is stolen, wrecked, or damaged in an accident because of you, you won't receive money from your insurance company. If you plan to cancel your current car insurance policy, make sure that your new insurance policy is already in effect.
In the insurance world, claims are commonly referred to as losses, and the amount of losses a particular brand and model has can affect the cost of insuring. When you move from another state, you'll need a new car insurance policy, even if you can stay with the same insurance company. 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. You'll receive a car insurance refund for any unused portion of your policy, subject to any cancellation fees that your insurer may charge.
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. You can change your car insurance policies at any time, whether you bought your policy two days or two months ago. Because car insurance requirements vary from state to state, you'll need to get a new insurance policy if you move out of your current state. Like an out-of-state move, an in-state move will affect your car insurance rate, although the change may be less than an out-of-state move.
The website of the Department of Motor Vehicles in your new state will contain all the legal requirements for insurance and vehicle registration. 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. Keep in mind that other factors may affect your car insurance rate if you're starting a new car insurance policy. 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.