Nearest broker: Searching for a broker nearby…
Nearest broker: , Edmonton, AB Phone: 780.755.0110 5020 Lac St Anne Trail N, Onoway, AB, T0E 1V0 Phone: 780.967.2282 , Edmonton, AB Phone: 825.467.5631 206 Pembina Rd, Sherwood Park, AB, T8H 0L8 Phone: 780-732-8616 10060 Jasper Ave, Edmonton, AB, T5J 3R8 Phone: 780-435-3632 , Calgary, AB Phone: 403-532-4882 322 Avenue C S, Saskatoon, SK, S7M 1N4 Phone: 639-398-4170 5317 50 Ave, Taber, AB, T1G 1V3 Phone: 403-223-2377 110a McLeod Ave, Spruce Grove, AB, T7X 2H8 Phone: 780-571-1144 496 Marquis Rd, Prince Albert, SK, S6V 8B3 Phone: 306-970-8080 335 Hwy Avenue N, Picture Butte, AB, T0K 1V0 Phone: 403-732-6023 2201 Box Springs Blvd NW, Medicine Hat, AB, T1C 0C8 Phone: 403-487-5132 550 Wt Hill Blvd S, Lethbridge, AB, T1J 4Z8 Phone: 403-394-1123 734 13 St N, Lethbridge, AB, T1H 2T1 Phone: 403-328-9114 5 St SE, High River, AB Phone: 403-652-4104 9904 103 St, Fort Saskatchewan, AB, T8L 2C9 Phone: 780-998-0881 201-4271 23 Ave NW, Edmonton, AB, T6L 5Z8 Phone: 780-466-2136 3908 97 St NW, Edmonton, AB, T6E 6N2 Phone: 780-465-6900 8170 50 St NW, Edmonton, AB, T6B 1E6 Phone: 780-469-9378 52 Ave, Drayton Valley, AB Phone: 780-621-1707 1331 Macleod Trail SE, Calgary, AB, T2G 0K3 Phone: 403-278-1050 1331 Macleod Trail SE, Calgary, AB, T2G 1E1 Phone: 403-255-2252 234-7 Westwinds Crescent NE, Calgary, AB, T3J 5H2 Phone: 403-775-2100 , Calgary, AB, T3K 0S8 Phone: 403-719-9995 5114 2 St, Boyle, AB, T0A 0M0 Phone: 780-689-3946 50 Ave, Bonnyville, AB Phone: 780-826-3147 12931 20 Ave, , AB, T0K 0E0 Phone: 403-562-2191 2903 Kingsview Blvd SE, Airdrie, AB, T4A 0C4 Phone: 403-945-8885

Is my new car insured?

Auto Insurance

By Joanne Lemna | August 7, 2017

This is a great question and one we get asked often. Yes, your new car is insured but it may not be properly insured or insured to its full value.

Generally, when purchasing a new vehicle you will have a grace period under which the new car is covered – but keep in mind that it will be covered with the same coverage as your previous car. This means if your current vehicle does not have collision coverage on it, your new vehicle won’t either. Your new vehicle will also be insured to the value of your old vehicle, including whatever loss settlement you have on that policy.

We recommend contacting your broker as soon as you’ve purchased your new vehicle to get the ball rolling on your insurance. Your broker will help ensure you have the proper amount of insurance and should ask if you’d like any changes to your policy with a new vehicle.

Buying a New Car

If you’re trading in an older model for a brand new vehicle, odds are pretty good that your coverage will be inadequate when it comes to protecting the new vehicle. If you have not yet informed your broker about the purchase you could stand to lose substantially if there is an accident or some other such incident before you get the chance to switch your policy and make it suitable for the new vehicle.

For example, let’s say within a few hours of driving your new car off the lot a collision occurs. The car is damaged significantly. The previous insurance policy for your 12-year-old vehicle was written in accordance with the value of that vehicle. Now you’re definitely stuck as your grace period coverage is based upon your old vehicle’s value.

When should I notify my broker?

Often the best course of action is to notify your insurance broker of the impending purchase right from the dealership—before you drive away. Switching your policy discussing options regarding your new car and its value as far as coverage goes and looking at the types of coverages you want to be included can be done very easily and quickly over the phone. Your dealer will not take care of reporting the new car to your insurance for you. You need to be proactive and ensure that your new vehicle purchase is protected!

Get A Quote From A-WIN

Get the best insurance deals and stay on budget.

Get A Quote

Life Events - It's Time to Reassess Your Insurance

Whether it’s heading off to university or deciding to start your own business,...


Rogers Insurance and CapriCMW merge to become Acera Insurance.

A-WIN Insurance is part of the Rogers Insurance Group.

Click to learn more about how this merger will impact A-WIN Insurance. Our branches will remain independently owned and operated.