What insurance do I need to buy a car?

At least your state's required liability, plus comprehensive and collision if the car is financed or leased. It is also the right time to confirm your liability limits fit your assets.

Do I need full coverage on a financed car?

Lenders and lessors generally require comprehensive and collision until the loan is paid off. We confirm the lender is listed and the coverage meets the agreement.

Should I raise my liability limits with a new car?

Often worth it. A new vehicle and more driving exposure are a good prompt to confirm your liability is high enough to protect your assets and support an umbrella.

Insurance When Buying a Car - Vantage Point Risk

Buying a car? Get the coverage and limits right from day one.

A new vehicle is a good moment to confirm your auto liability is high enough, decide on comprehensive and collision, and make sure a new loan or lease's requirements are met, without simply rolling over old limits.

Ready for terms? Get a quote. Want to find the gaps first? Compare your coverage.

When you buy a car, the dealer or lender will want proof of coverage, and a lease or loan usually requires comprehensive and collision. Beyond meeting the requirement, it is the right time to confirm your liability limits fit your assets and support an umbrella.

What changes when you buy

A financed or leased vehicle generally requires comprehensive and collision, and the lender will want to be listed. A new, more valuable car also raises the stakes on liability, since a serious at-fault accident can exceed low limits.

If you are adding rather than replacing a vehicle, your premium and coverage both change, and it is worth confirming the whole auto policy still fits.

The limits worth revisiting

Liability limits are the ones people leave on autopilot. They should reflect what you could be sued for and be high enough to anchor an umbrella. Uninsured and underinsured motorist coverage is worth confirming too.

Gap coverage can matter on a financed vehicle, since a new car can be worth less than the loan early on.

Buying a car? Get the coverage and limits right from day one.

What changes when you buy

The limits worth revisiting

Common questions.

Not sure your coverage fits your household?

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Buying a car? Get the coverage and limits right from day one.