It is pretty obvious when you purchase a vehicle or when you get your license and drive a car you are going to need auto insurance. You should never get into a car that does not have auto insurance especially if you are a passenger. If you are the one driving and do not have your own vehicle that do not assume you are covered on someone else's policy if you do not live with them. You will have to get your own policy. The best way to do this is to go to the internet and check online to compare auto insurance quotes to cover you as a driver in another car.
When you are in a position to pick up your own vehicle then you can continue with your auto insurance but include the vehicle that you now own. You will want to make sure that your coverage is adequate. This could happen if you purchase an older car and are paying more than the blue book value. The financial institution normally does not loan the money but if the face is in exceptional condition or has special things to it that would make it worth the money for the additional loan then there are cases where the bank will loan the money. An antique car is a good example.
In fact, the bank may even mandate that you take "Gap" insurance which is an additional insurance policy that pays the difference from what your car is worth to what is owed, if you are in an accident and the car is totaled. This would be another way to guarantee the bank that they would get their money back on the loan. Now that you have a car you already know how to go online and compare auto insurance rates except this time you have a vehicle. Do some price comparisons again to see if you can get some lower rates. It never hurts to compare auto insurance prices periodically and to make sure you are getting the best rates that you can for the policy that you are carrying. It is price shopping and everyone does it all the time whether it is on auto insurance, clothing, equipment or toys?
For more information about Antique and Classic Car Insurance consider Leland West Insurance where you will get a comprehensive guide to antique car insurance.
To learn more, please visit here: http://lelandwest.strikingly.com/