Do I Need To Buy Insurance For Commerical Vehicle Before I Buy Vehicle?

Reader’s Question:

Do I need to buy car insurance insurance before I purchase a new commercial vehicle in Anaheim, CA?

Diane

Anaheim, CA

If this is your first vehicle, yes, you will have to purchase car insurance before you drive your new automobile in Anaheim, CA off the dealer’s lot. If you are financing the purchase, the lien holder will require that you purchase an insurance policy with collision and comprehensive coverage.

If you already have a car insurance policy, and you are replacing a car generally it will cover your new vehicle for a few days (regulated by each individual state and/or company). Once that period is over, check with your insurance carrier to confirm that the new automobile has been added to your car insurance policy.

Low Cost Commercial Vehicle Insurance

Reader’s Question:

A friend of mine, who’s only 20 years old, has been complaining about his commercial vehicle insurance here in California. What can I tell him to do so that he can be able to save money from it?

Gem

Anaheim, CA

A young driver like your friend could be able to get lower commercial vehicle insurance in California if he just follows some simple things. Here are some helpful tips for him:

1. Make sure that his vehicle is equipped with safety features such as anti-lock brakes, car alarm, airbags, etc. If he already does, let his vehicle insurance company know about this so that he will be considered low risk, thus, he can save money from his vehicle insurance.

2. If he still studies, he can get a good student discount on his vehicle insurance if he has an average of at least B in school.

3. Let him know that he has to reduce his mileage so that his risk to have accident will be reduced as well.

4. Tell him that he has to take care of his credit history so that he can be perceived as a responsible person, thus responsible in driving as well.

5. Keep a low profile vehicle and inform him not to drive a sports car because this has higher vehicle insurance premiums.

6. Advise him that he has to shop around for vehicle insurance quotes and compare them. He has to visit at least three vehicle insurance comparison quotes sites so as not to miss offer from other sites. This will give him a much wider basis for comparison and boost his chances of having better vehicle insurance quotes.