Do I need car insurance for a recently purchased a vehicle?

If you do not currently have an insurance policy, it is required that you have an insurance policy for the vehicle. Ideally, this should be done prior to taking possession of the vehicle. After obtaining insurance for the vehicle, the insurance agent should provide you with a binder, a temporary insurance contract that provides proof of coverage until you receive a permanent policy. You should also receive insurance cards when you receive your permanent policy.

If you currently have insurance, you need to check your existing policy. Your existing policy may provide insurance coverage for a newly purchased vehicle for a specific number of days. Insurance policies in Texas vary, read your policy carefully. Have your new vehicle added to your policy as soon as possible. Failure to add the vehicle in the required amount of time could result in a loss of coverage. Your insurance agent can provide you with documentation that the vehicle has been added to the existing policy. If you do not immediately add the vehicle to the policy, you should carry a copy of the insurance policy and the bill of sale, showing the date of purchase of the vehicle. This can be used to provide proof that the grace period is in effect and there is insurance coverage on the vehicle. Some policies do not have a grace period and, in these cases, the vehicle needs to be added to the existing insurance policy prior to the owner taking possession of the vehicle. .