How to put insurance on a car

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How much is insurance for a new car?
Should I get an insurance quote on a new car before I buy it?
Am I covered by dealer insurance?
Insurance requirements for purchasing a new car
Financed vehicle
Leased vehicle
Owned vehicle (no lender or lienholder)
Which new cars are the least expensive to insure?
How long do I have to add a new car to my insurance policy?
What if I don't have my lienholder information?
Do you offer new car replacement if I total my car right away?
How to switch insurance to your new car
New Progressive customers
Current Progressive customers
Tips for buying insurance for a new car

You don't have to switch your insurance to your new car right off the bat. Since most insurers offer a grace period for updating your policy with your new vehicle, your dealer will typically just need proof of insurance before they throw you the keys. Even if you don't have auto insurance, you can start a policy before buying your car if you know the vehicle identification number.

How much is insurance for a new car?

Usually, getting a new car will increase your rate because it'll be worth more than your old car. But the exact difference in cost will vary greatly based on the:

Model year
Make and model
Title and damage history
Amount of coverage purchased

Note that other factors may impact your rate if you're starting a brand-new policy. But even if your rate increases, you may be eligible for a few discounts, including the smart vehicle discount for automatic emergency braking (AEB).* Just get a quote online or call, and we'll show you which discounts you qualify for.

Should I get an insurance quote on a new car before I buy it?

Absolutely. You want to know how your new purchase will affect your insurance rate in advance. Even if you don't have a policy with us, you can get a quote online or call 1-866-749-7436. We're happy to provide a free quote on whatever car you have your eye on.

Am I covered by dealer insurance?

No. Dealer insurance will normally cover test drives, but it won't protect you once you buy the car.

Insurance requirements for purchasing a new car

Financed vehicle

Required coverages: Comprehensive and collision coverage are usually mandated by the financer. Your state will also require some minimum amount of liability coverage to pay for any injuries or damages you cause if you're at fault in an accident.

Other coverage options: You may also want loan/lease payoff coverage, also known as gap insurance. Loan/lease payoff coverage will pay the difference between what you owe on the vehicle and the actual value of your car if it's totaled.

Leased vehicle

Required coverages: Comprehensive and collision coverages are usually required by the leasing company, and they may not allow you to choose a deductible over $1,000. You'll likely also need a higher liability coverage amount, typically at $100,000 per person and $300,000 per accident.

Other coverage options: Consider loan/lease payoff coverage in case you total your car before your lease ends. Some lease agreements may already include gap insurance, so check before you add it to your auto policy.

Owned vehicle (no lender or lienholder)

Required coverages: You only need what your state requires — typically a minimal amount of liability coverage.

Other coverage options: Consider adding comprehensive and collision on your paid-off vehicle. If you don't have physical damage coverage and your new car is stolen, vandalized, or damaged in an accident, you won't get any money from your insurer.

For your convenience, we're available 24/7 to immediately add your new car to your existing policy or get you started if you're a new customer.

Which new cars are the least expensive to insure?

The least expensive cars to insure are typically those with fewer and less costly claims. In the insurance world, claims are commonly known as losses, and the number of losses a particular car has can give you a rough idea of how much it will cost to insure.

The section below lists a few recent model-year SUVs (2015-2017) with the lowest average loss rates for bodily injury claims within their size class, based on data from the Insurance Institute for Highway Safety. Vehicles with a lower percentage will typically be cheaper to insure than those with a higher percentage, but bear in mind that the data doesn't include actual insurance costs.**

Small SUVs

Large SUVs

Source: Insurance Institute for Highway Safety — Highway Loss Data Institute (IIHS-HLDI).

**Data based on the frequency of bodily injury claims of all SUVs tracked by IIHS-HLDI within the same size class.

While not a direct cost comparison, the information above can help steer you in the right direction if you're looking for a car that might save you more on insurance. But remember that insurers also look at other things, such as your car's title and damage history, when determining your rate.

How long do I have to add a new car to my insurance policy?

Yes! We're here 24/7 and can send proof of insurance to the dealership so you can drive off the lot in your new car. Having proof of insurance is important because most dealerships won't let you drive away without it (often, your current insurance will be good enough).

What if I don't have my lienholder information?

Ask your salesperson at the dealership. They'll almost always have the information you'll need. If not, no worries—we won't need it to start immediate coverage. But, you'll need to provide the lienholder's name and address within two to three days of purchasing the policy or adding the new car to your existing one.

Do you offer new car replacement if I total my car right away?

Under your collision coverage, you'll be covered for the fair market value of the vehicle. If you owe more than the vehicle is worth, you may want to purchase gap insurance (also called loan/lease payoff coverage), which will help pay the difference between the car's worth and what you owe on your loan.

How to switch insurance to your new car

New Progressive customers

If you're currently insured with another insurance company, you can simply start a new policy with your new car. Get a car insurance quote online or call us at 1-866-749-7436.

Current Progressive customers

You won't need to start a new policy. You can transfer your insurance or coverages to your new car, even while you're at the dealership, by logging into your policy or calling 1-866-749-7436.

Tips for buying insurance for a new car

Know your VIN: Having your Vehicle Identification Number handy will help speed up the quoting process, and you won't be able to purchase a policy without it.
Tell us what you use it for: You may need additional coverage if you use your car for ridesharing or business errands.
Add regular drivers: If family members will be driving your new car regularly, make sure to list them on your policy.

Please note: The above is meant as general information to help you understand the different aspects of insurance. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features on this page are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy and/or speak to an insurance representative. Coverages and other features vary between insurers, vary by state, and are not available in all states. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation. We are not responsible for the content of any third-party sites linked from this page.

Car insurance customized to the driver’s life, not to the car

We may drive the same car, but everyone’s life is different. Thus, if we are living different lives, each one of us needs different car insurance. We proudly introduce you AXA Direct Car Insurance customized to the driver’s life, not to the car.

Discover car insurance that best fits your stage in life!

* Click on the image to view the detail.

AXA Customized Car Insurance | 'First Car' package

The joy of buying your first car is only fleeting! Are you a fist-time driver
worried about accidents?

Providing the essential coverage you need for
your precious first car at a reasonable price

What if my precious first car is seriously damaged
in an accident?This product will provide the money you need to buy a new car (sum insured), not simply the repair costs (if you purchase the special clause.)* Only within 12 months after the initial car registration and only when the cost of repairing the insured car damaged in an accident exceeds 60% of the sum insured

AXA Customized Car Insurance | 'Family Oriented' package

Is your family your number one priority
in an accident?

Providing essential coverage to protect your family at a reasonable price.

For my family’s peace of mind! When an accident happens, AXA Direct provides consolation money for the injury as well as cosmetic surgery for children and support for serious disabilities. In the tragic event of the insured’s death, AXA Direct will support the insured’s children’s education expenses. (Note that education expenses will only be paid for children 19 years of age or younger, and you must purchase the special clause.) AXA Direct will provide the money to buy a new car (sum insured), not simply the repair costs. (Note that to receive the sum insured, you must purchase the special clause.)* Only within 12 months after the initial car registration and only when the cost of repairing the insured car damaged in an accident exceeds 60% of the sum insured

AXA Customized Car Insurance |' More Protection' package

Do you want to be
covered in all situations?

Providing essential coverage for people
looking for more comprehensive coverage at a reasonable price

Your worries are gone when you choose
multiple-coverage!AXA Direct will provide the money to buy a new car (sum insured), not simply the repair costs. (Note that to receive the sum insured, you must purchase the special clause.)
* Only within 6 months after the initial car registration and only when the cost of repairing the insured car damaged in an accident exceeds 70% of the sum insuredYou’re even covered if you die while riding a bus (if you subscribe to the special clause).

AXA Direct Customized Car Insurance |' Entry Driver' package

Are you an inexperienced driver who has never been
in a car accident?

Providing essential coverage for new drivers
at a reasonable price

AXA Direct Customized Car Insurance |' Schooling' package

Do you drive with
your children several times a day?

Providing essential coverage for the safety
of your children at a reasonable price

Keep your children protected at all times! AXA Direct provides consolation money for the injury as well as cosmetic surgery for children and support for serious disabilities. In the tragic event of the insured’s death, AXA Direct will support the insured’s children’s education expenses. (Note that education expenses will only be paid for children 19 years of age or younger, and you must subscribe to the special clause.)

AXA Customized Car Insurance |' Precious Time' package

Are you too busy to
handle accidents?

Essential yet reasonably priced coverage for people who value their time

AXA Direct will provide the money to buy a new car (sum insured), not simply the repair costs. (Note that to receive the sum insured, you must purchase the special clause.)
* Only within 12 months after the initial car registration and only when the cost of repairing the insured car damaged in an accident exceeds 60% of the sum insured

AXA Direct Customized Car Insurance |' Save More' package

Do you like to
cut down on costs?

A policy for people looking for reasonable coverage at a reasonable price

Focusing only on essential coverage! Coverage includes Bodily Injury Liability �뀪 Coverage, Bodily Injury Liability II Coverage (unlimited), Property Damage Liability Coverage (KRW 100 million), Own Bodily Injury I Coverage (KRW 30 million), Uninsured Car Coverage, and Emergency Service.

AXA Direct Customized Car Insurance |' Baby in Car' package

It’s more dangerous when there is a child
in the car!

Essential yet reasonably priced coverage for people
like you who are concerned about a child in the car

For the safety of your children! AXA Direct provides consolation money for the injury as well as cosmetic surgery for children and support for serious disabilities. In the tragic event of the insured’s death, AXA Direct will support the insured’s children’s education expenses. (Note that education expenses will only be paid for children 19 years of age or younger, and you must subscribe to the special clause.)

AXA Direct Customized Car Insurance |' Best Driver' package

Even if you’ve never been involved in an accident before, there is nothing you can do in a public
transportation accident!

Essential yet reasonably priced coverage for people like you who want to be covered in the event of a

public transportation accident

You’ll be covered even when you’re not in your car!You’ll be covered even if you die while riding a bus (if you subscribe to the special clause.)

Bodily Injury Liability I Coverage(compulsory Insurance)

If a person is killed or injured as the result of an accident caused by an insured car identified in an insurance policy while the insured owns, uses, and manages the insured car, compensation will be made within the limit stipulated by the Act on Guarantee of Compensation for Loss Caused by Automobile.

Bodily Injury Liability Coverage I (Compulsory Insurance)
Category Accidents before 3/31/2016 Accidents after 4/1/2016

death/disability KRW 100 million KRW 150 million

injury KRW 20 million KRW 30 million

Bodily Injury Liability II Coverage

If a person is killed or injured as the result of an accident caused by an insured car identified in an insurance policy while the insured owns, uses, and manages the insured car, compensation will be made for the loss that exceeds the amount covered by ��쁁odily Injury Liability I Coverage�� within the sum insured mentioned in the insurance policy.
- Sum insured: You can choose from the following: KRW 50 million, 100 million, 200 million, 300 million or unlimited per victim.

Property Damage Liability Coverage (compulsory Insurance)

If an accident involving an insured car identified in an insurance policy causes the loss of or damage to another person��셲 property while the insured owns, uses, and manages the insured car, compensation will be made within the sum insured mentioned in the insurance policy.

蹂댄뿕 媛��엯 �삁�떆�몴

Category	Sum insured
Accidents before 3/31/2016	You can choose from the following: KRW 10 million(Obligation), 20 million, 30 million, 50 million, 100 million, 200 million, 300 million, or 500 million per accident.
Accidents after 4/1/2016	You can choose from the following: KRW 20 million(Obligation), 30 million, 50 million, 100 million, 200 million, 300 million, or 500 million per accident.

Own Bodily Injury I Coverage (Own Bodily Injury II Coverage)

If an accident involving an insured car identified in an insurance policy causes the death of or injury to the insured while the insured owns, uses, and manages the insured car, compensation will be made.

Own Bodily Injury Coverage I (Own Bodily Injury Coverage II)

Own Bodily Injury I Coverage

Own Bodily Injury II Coverage
(stronger coverage)

Sum insured
against death

Sum insured
against injury

Sum insured
against death

Sum insured
against injury

Choose one of the following: Up to KRW 15 million Up to KRW 30 million Up to KRW 50 million

Up to KRW 100 million

Choose one of the following: Up to KRW 15 million Up to KRW 30 million

Up to KRW 50 million

Choose one of the following: Up to KRW 100 million

Up to KRW 200 million

Choose one of the following: Up to KRW 10 million Up to KRW 20 million Up to KRW 30 million

Up to KRW 50 million

If you subscribe to 'Own Bodily Injury �뀪 Coverage', compensation will be made for disability within the limits set by the injury grade or disability grade.

Uninsured Car Coverage

Compensation will be made if the insured is killed or injured by an uninsured car or a hit-and-run car.
- Compensation will be made for the actual damage of up to KRW 200 million for each insured individual. (up to KRW 500 million if you subscribe to special clause for additional coverage against injury by an uninsured car)

Own Car Damage Coverage

Compensation will be made for the damage directly caused to an insured car identified in an insurance policy due to an accident while the insured owns, uses, and manages the insured car.

Compensation will be made within the sum insured mentioned in the insurance policy.
In case you subscribe to the ��쏞ar-to-Car Crash and Theft Coverage��, the loss caused by the crash and theft is covered only if the owner or driver of the other vehicle is identified.
Deductible: 20 or 30% of the loss amount caused by the accident of the insured car will be deducted. The maximum deductible is KRW 500,000, and the minimum is the amount equivalent to 10% of the property damage threshold for premium surcharge identified in the insurance policy.
E.g., If the property damage threshold for premium surcharge is KRW 2 million, the minimum deductible will be KRW 200,000, and the maximum deductible will be KRW 500,000.

Own Car Damage Coverage

Car damage	If the deduction rate is 20%	If the deduction rate is 30%
Deduction ratecalculated amount	Insured deductible	Deduction ratecalculated amount	Insured deductible
KRW 500,000	KRW 100,000	As it is smaller than the minimum, KRW 200,000	KRW 150,000	As it is smaller than the minimum, KRW 200,000
KRW 1.5 million	KRW 300,000	As it is greater than the minimum and smaller than the maximum, KRW 300,000	KRW 450,000	As it is greater than the minimum and smaller than the maximum, KRW 450,000
KRW 3 million	KRW 600,000	As it is greater than the maximum, KRW 500,000	KRW 900,000	As it is greater than the maximum, KRW 500,000