7 Questions to Ask Your Insurance Company Before Buying a New Car

When you’re in the market for a particular type of car, it’s important to understand its long-term value. Many inspectors will give you information on the damage, the type of fuel, or how long the warranty lasts, among other things related to the price. Insurance is another variable cost that can have a significant impact on your cost of ownership and car buying process. And before you sign a loan agreement for a used or new car, you may want to call your insurance company and ask a few important questions.

Touching the background with your insurance company

People in the car | Getty Images

What? You do not have current insurance. If not, you should change your plan as soon as possible. In all 50 states, it is illegal to drive without insurance. And if you have an accident, you are responsible for all repair and damage costs. If you injure someone without insurance, you may be looking at the cost of your damages.