This is an interesting question and varies by insurance company.
Most insurance companies, please check with yours, automatically cover your new vehicle for between 14 to 30 days. That means your coverage starts as soon as you "sign on the dotted line", whether you notify your insurance company or not. But there is a catch. If you only have liability coverage on your old car, you will only get liability coverage on the new car. The car dealership and/or lien holder will require you to have full coverage, ie collision and comprehensive. That is why you should notify your current auto insurance carrier, either by calling your agent and their 1-800 number to make sure you have full coverage.
Also, some companies, like mine, offer some type of new car replacement coverage. With my company, in the event of your car being totaled during the first 3 years, they will cut you a check for the full replacement cost of a current year version of your vehicle with no depreciation, less your deductible. This coverage is only available if you own your car, not lease it. The cost ranges from about $8 to $15 per vehicle every 6 months. For example, one of my clients had this coverage on her car when it was totaled and instead of getting a check for $44,000 on her 2014 Audi, she got a check for $75,000 which was the replacement cost for a 2016 Audi.
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