Insurance Grace Period Used Car. Will my premium be cheaper for a used vehicle over a new one? Read full answer grace period and allowing your insurance coverage to lapse will lead to higher premiums in the future.
When you buy a new car from a car dealer, you have to prove proof of insurance on that car before you can drive it off the lot. If your state requires car insurance, it’s illegal to drive without it, period. To be clear, your state dmv has no car insurance grace period.