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2019+ BMW 3 AND 4-SERIES FORUMS (G2x Generation) Ordering / Pricing / Order Tracking Forum Full coverage auto insurance required on delivery?

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      11-30-2019, 04:08 PM   #1
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Full coverage auto insurance required on delivery?

Hey guys I need help,

I returned a lease car (F80 M3) and I am jumping into G20. I ordered my new car and it took a little longer than I expected. I returned the lease car and currently I am driving a rental car.
The car finally arrived to the dealer (the dealer in a different state). Currently I don't own any cars and I kept my auto insurance on my driver license (liability only obviously).

The dealer asked for a proof of insurance and I did faxed them my current insurance but they asked me to provide a full coverage prior to delivering the car to me.

I told them that up to my knowledge I have up to 30 days to provide full coverage auto insurance and I want to pick up the car and take care of this next week since I am likely going to switch to a different auto insurance company, but they declined my request.

This is my 3rd BMW lease car, prior to this I have never been asked to provide full auto insurance cover before delivery.

What do you think?

Thanks in advance.
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      11-30-2019, 04:23 PM   #2
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This is completely up to the dealer. Some are more strict than others. On my current lease the dealer required proof of insurance before releasing the car to me.

It’s also a requirement by BMWFS to have full coverage so it shouldn’t be surprising.

Last edited by alex2364; 11-30-2019 at 04:51 PM..
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      11-30-2019, 05:38 PM   #3
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I think it might vary by state too. In Illinois, the dealer would call my insurance and add the new car before they let my drive it. In Oregon, as long as I have current insurance they let me take the care and I have 15 days to add the vehicle to my insurance.
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      11-30-2019, 10:03 PM   #4
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Quote:
Originally Posted by RedKloud View Post
I think it might vary by state too. In Illinois, the dealer would call my insurance and add the new car before they let my drive it. In Oregon, as long as I have current insurance they let me take the care and I have 15 days to add the vehicle to my insurance.
It works the same way in IL like how you’ve stated for OR. I live in IL
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      11-30-2019, 11:39 PM   #5
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Quote:
Originally Posted by VipinLJ View Post
Quote:
Originally Posted by RedKloud View Post
I think it might vary by state too. In Illinois, the dealer would call my insurance and add the new car before they let my drive it. In Oregon, as long as I have current insurance they let me take the care and I have 15 days to add the vehicle to my insurance.
It works the same way in IL like how you’ve stated for OR. I live in IL
Quote:
Originally Posted by VipinLJ View Post
Quote:
Originally Posted by RedKloud View Post
I think it might vary by state too. In Illinois, the dealer would call my insurance and add the new car before they let my drive it. In Oregon, as long as I have current insurance they let me take the care and I have 15 days to add the vehicle to my insurance.
It works the same way in IL like how you've stated for OR. I live in IL
Maybe the IL dealers just didn't trust me 😁
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      12-01-2019, 11:20 AM   #6
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Quote:
Originally Posted by RedKloud View Post
Maybe the IL dealers just didn't trust me 😁
Bahahahaha.

Seriously though, I think it depends on the dealer? I think that’s what I read somewhere. I’ve leased two BMWs and an Audi before and all of them were the same. As long as I have current insurance, they let me take the cars home without making a fuss. I had to wait a week to insure my A4 because it was a brand new model (I got the B9 when it was launched) and they didn’t have it in their system. With my 3 series, I waited for a month to insure it because my A4 was still with me then and I already had 4 cars insured. A 5th one would have driven the premiums up significantly. So yes.
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      06-14-2021, 07:28 AM   #7
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When leasing or financing, the banks, BMW included, need to know that you’ve insured the car so that their investment is protected with at least collision, comprehensive, and uninsured motorist coverage. In Missouri you can drive off with the car based on proof of insurance for your trade-in or other cars which usually offers protection of a new car purchase for a brief period, but you also sign a statement in the sales package that you will provide the insurance coverage.

Unless you are financially able to absorb a total loss of a leased or financed car, you are foolish not to insure the car. If you were to total it, you are still on the hook with BMW or bank for the full agreed payments as well as the residual value of a leased car.
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      06-15-2021, 11:16 AM   #8
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Just get the insurance not sure why the hesitation
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      07-11-2021, 08:31 PM   #9
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Your insurance company can easily fax/email over a policy and the. Then after delivery You can shop around for a new policy at your leisure.
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      07-12-2021, 09:37 AM   #10
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I think the issue might be that the OP cancelled his comprehensive policy when he turned in the car. Most of the time one still has that insurance.

It may be that the law in the OP's state would only apply if there was existing coverage that needed to be transferred, not just liability coverage.
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