Related Articles

More

Related Categories

More

Recently Added

More

Insurance Used Car

Dustin Said:

If i buy a used Kia from shaver in ca, is it necessary to have full coverage car insurance?

We Answered:

You need to have insurance on anything that you drive for your protection as well as for everyone else.

To answer your question concerning the dealership named "shaver", I have seen a dealership in my hometown named "trusted autos", go figure.

Francisco Said:

Do I need to buy auto insurance for my used car dealership?

We Answered:

No, personal car insurance specifically doesn't cover that. It's EXCLUDED under every personal auto policy.

Sounds to me like you're operating illegally - used car dealerships need to also be licensed and bonded, in every state I've ever worked. And you need that insurance to get the license.

Alma Said:

Insurance on a used car verses a new car?

We Answered:

Not exactly.

If you buy a brand new 2011 Honda Accord, the insurance will cost exactly the same as a USED 2011 Honda Accord.

But when you buy a brand new car, unless you pay cash, you HAVE to put collision and comprehensive coverages on the car. For young drivers, the collision usually costs more than the liability.

Additionally, the value of the car depreciates most, after four years - so when you insure a car WORTH more, it's going to cost you more to insure it.

So, yes, an old car isn't worth so much, the insurance on it is cheaper. But it's not a new/used issue, it's how much the car is worth.

Rodney Said:

How should I go about getting insurance on a used car I just bought?

We Answered:

Call a local independent agent, and bring the paperwork to them.

Vincent Said:

Do i need to buy auto insurance before i buy a used car?

We Answered:

autoinsurance.maclenet.com - try this one. I have their car insurance and, as I know, they can provide such a service.

Discuss It!