Substitution

A newly acquired vehicle is often purchased to replace another vehicle on the policy. What coverage your currently have can be assumed by the new vehicle but only for 14 days. This only applies if you have purchased the vehicle in the same name as is shown on your current automobile policy.

Not all civic authorities agree that coverage is automatically transferred from one vehicle to another and may still give you a ticket if you fail to produce proof of insurance.

If it is possible you should notify your agent or broker of the substitution. You will have your paperwork done and a liability card in hand for when you wish to drive the vehicle. You need to get your registration done in short order as well.

The premium charged for the substitution will change depending on the rate group of the vehicle. Even if the vehicles are of similar quality and price there can be a difference in how the insurance companies charge for the physical damage portion of the insurance.