New car purchase in Maine vs insurance notification.

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If I trade-in my car today for a new one, is the new car covered as soon as I drive it off the lot and how long do I have before I have to legally notify my insurance co.”

Asked June 15, 2016

1 Answer


If you trade in your car today for a new one in Maine, your new car is typically covered by your existing auto insurance policy for a certain period of time, usually between 24 and 72 hours. However, the exact length of time may vary depending on the terms of your insurance policy and the specific insurance company you are working with, so it's always a good idea to check with your insurance provider to confirm the exact coverage period. It's important to note that during this coverage period, your insurance policy will only provide the same level of coverage that you had on your old vehicle. This means that if you had liability-only coverage on your old car, your new car will only be covered for liability until you update your policy to include comprehensive and collision coverage. As for notifying your insurance company about the new car, Maine law requires that you notify your insurance company within 30 days of acquiring a new vehicle. This notification is typically done by adding the new car to your existing auto insurance policy or by purchasing a new policy specifically for the new car. Keep in mind that if you fail to notify your insurance company within the required time frame, you may not be covered in the event of an accident or other incident involving the new car. In summary, if you trade in your car for a new one in Maine, your new car will typically be covered by your existing auto insurance policy for a short period of time. However, you should check with your insurance provider to confirm the exact coverage period and make sure that you notify your insurance company within 30 days of acquiring the new vehicle to ensure that you are fully covered.

Answered June 21, 2016 by keebler87

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