What Do I Do About Insurance When I Buy A New Car? 
It is going to be important to be in touch with your Insurance Professional because , as my colleague said , in order to purchase the vehicle , the dealership is going to need proof of insurance on that vehicle in order for them to complete the registration of it for you . You or your dealership will need to provide the year , make , model and Vehicle Identification Number -LRB- VIN -RRB- . Further , if you are leasing or financing , the financial institution needs to be named on your policy and proof provided in order to complete your transaction . If you are financing the purchase , the finance company has an interest abd will need to have proof that you have both Comp and Collision coverage . Leasing is similar , however , in addition to the two physical damage coverages I mentiond , they also require that a certain amount of Liabilitry protection be provided by your policy . Here in CT it is common for the requirement to be $ 100,000 / $ 300,000 or more for Bodily Injury and $ 50,000 or more for Property Damage . 