Yes, Geico has a 30-day grace period to add a new car to an existing car insurance policy. If you're already a Geico customer, you can drive your new car during the grace period and be covered by the Geico policy you already have. Drivers who are currently uninsured will need proof of insurance before they can drive legally. Insurance companies that consider that period as an interruption in coverage place it in a higher-risk category, making it difficult to obtain insurance with certain insurers or subject it to higher rates.
Yes, Geico offers mechanical breakdown insurance for cars that are less than 15 months old and less than 15,000 miles old. However, Geico offers a good student discount because having good grades shows the insurer that you're responsible off the road, which means you're more likely to also be responsible when you're behind the wheel. Geico mechanical breakdown insurance (MBI) is an add-on to the policy that insures a vehicle against mechanical problems, such as transmission or engine faults, that are not covered by standard car insurance. You generally must have proof of insurance to buy or lease a vehicle, and many insurance companies are closed on weekends.
If you plan to drive the car during the grace period, you should confirm the coverage details and make the necessary adjustments to your Geico policy quickly, should you have an accident. Combining two or more of your insurance policies often results in additional discounts to help you with the cost of insurance. To repurchase your car, however, you must show proof of car insurance and pay several hundred dollars in fees. Other companies, such as Allstate, Nationwide and Liberty Mutual, can offer same-day car insurance quotes online or through a mobile app.
Purchasing car insurance coverage is likely to take longer if this is your first time buying car insurance. You can also take out car insurance for people who are not homeowners if you frequently use a car-sharing service or rent vehicles. If you exchange your current car for a new one, some insurance companies offer a grace period of between one week and 30 days, which automatically extends your current coverage to protect the newly purchased vehicle. If you're already insured with Geico, your new car will be covered for up to 30 days under the terms of your current policy.
According to the Insurance Information Institute, it's illegal to drive without at least liability insurance for cars in every state except New Hampshire.