The 7 Biggest Insurance Mistakes When Buying a Used Car

The 7 Biggest Insurance Mistakes When Buying a Used Car

Buying a used car is an exciting process that requires careful attention. Just as important as the vehicle's mechanical condition is getting the insurance procedures right. A small mistake can lead to unexpected costs or legal issues.

Here are the 7 most common insurance mistakes made when buying a used car and how to avoid them.

1. Leaving Traffic Insurance Until After the Notary Process

With the regulation that came into effect on December 5, 2024, the buyer must take out compulsory traffic insurance in their own name before the notary transaction for the sale of a used car.

Otherwise, the notary cannot complete the sale.

Tip: Get your traffic insurance quote and have your policy ready before going to the notary.

2. Focusing Only on Price

The lowest price is not always the best option.

1. Coverage scope
2. Claims services
3. Assistance services
4. The reliability of the insurance company

These criteria should also be evaluated.

3. Not Getting Comprehensive Insurance (Kasko)

Many people only take out traffic insurance after buying a used car.

However, risks such as:

1. Collision
2. Theft
3. Fire
4. Natural disasters
5. Glass damage

are only covered by Comprehensive Insurance (Kasko).

4. Not Asking About the No-Claims Discount

Under the right conditions, your existing no-claims discount can be transferred to your new policy.

Be sure to discuss this with your insurance advisor before making a purchase.

5. Providing Incomplete Information

Providing incorrect or incomplete information when getting a quote can lead to:

1. a change in your premium,
2. the cancellation of your policy,
3. problems when filing a claim.

6. Not Reviewing Additional Coverages

Important coverages that can be added to a standard policy include:

1. Mini Repair
2. Roadside Assistance
3. Courtesy Car
4. Glass Protection
5. Flood and Water Damage
6. Terrorism Coverage
7. Key Loss

These coverages can provide great advantages for a small additional cost.

7. Not Getting Professional Advice

Every insurance company has different prices and coverage.

With the help of an insurance advisor, you can compare dozens of quotes and choose the policy that best fits your budget and needs.

Conclusion

When buying a used car, you need to carefully examine not only the engine or the inspection report, but also the insurance processes.

With the right traffic insurance and a comprehensive kasko policy, you can fulfill your legal obligations and protect yourself against potential financial losses.

As Hami Sigorta, we offer quotes from Turkey's leading insurance companies and help you quickly and easily compare the most suitable traffic insurance and kasko solutions for your used car purchase process.

Frequently Asked Questions (FAQ)

When should I get traffic insurance when buying a used car?

Before the notary sale is completed, the buyer must take out compulsory traffic insurance in their own name.

Is comprehensive insurance (kasko) mandatory?

No. Kasko is not mandatory, but it is recommended as it protects your vehicle against risks such as collision, theft, fire, and natural disasters.

Is the cheapest traffic insurance always the best option?

Not always. Coverage scope, service quality, and claims support should also be evaluated.

Can my no-claims discount be transferred to a new vehicle?

Yes, under certain conditions. This may vary depending on the insurance company's practices.