Getting a second-hand or pre-owned car has many advantages. First, it costs less and saves you a lot of money. Always remember that through time, the value of all cars depreciates. Each car has a different depreciation value compared to another, depending on how the previous owner handled it.
How would you know if the pre-owned car is still in top condition to drive compared to a new one? Getting a professional to check it out and inspect the car is key. Take note that the car may not be brand new, but it still performs the same tasks that every car on the road does. So how about car insurance? Do pre-owned cars also get insured?
Insurance on Second-hand cars
Car insurance is very specific. It is impossible to say that the insurance for a brand new BMW is higher (or lower) compared to pre-owned GTB/4 Daytona Ferrari. Your insurance premium will depend on driving history, the level of coverage, make and model of the car, and your chosen insurance company.
What do you need?
Once the car passes the inspection, you will need to get an insurance policy for your used car. If you got the car from a dealership, they would require proof of insurance before you drive your vehicle out. These are the necessary information they’ll need:
How to choose the right insurance company for your car
You can go online and check out what different car insurance companies can offer you. You can choose the one that seems reasonably priced for you, then seek the opinion of other people like mechanics, insurance agents, etc.
Do you think it is worth it to have a second-hand car insured? Some may opt to take the chance of driving without insurance because they have no bad record of their driving history. Perhaps they may think that their location is less risky compared to others.
But always remember, it is against the law to drive a car without insurance. You might risk jail time if you get caught driving without insurance for the first time. Always be on the safe side; choose the right insurance company that best suits the need of your second-hand car.
At Berlin & Denys Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (800) 946-3303 or Click Here to request a free quote.