All driver of a motor vehicle on public roads must carry proof of Financial Responsibility at all times. There is no exception for a newly acquired vehicle.
You need to have it changed as soon as the deal is final, and all the paperwork is done. Don't drive anywhere without contacting your insurance company.
until you get caught!
You can't legally drive a car in Indiana without auto insurance for any length of time. If by chance you mean how long can you drive a newly purchased vehicle before needing to notify the insurance company that was covering your old vehicle you'll need to read your policy. Policies will vary by company but many companies will give you up to 30 days to notify them of the change in vehicles.
I would keep it in the garage but as long as you don't drive it you should be fine.
If you buy it from a dealer, you won't leave that lot without insurance on the vehicle. Legally, that vehicle needs to be insured before you drive it on any public roadway, regardless of if you buy from a dealership or a private seller.
No. If you had broadform insurance he would be able to drive any vehical you own as long as you NAME him a driver. Broadform is nice for people with more then one vehical.
If you reside in a state that requires auto insurance then you can't bypass it. The person could drive other people's cars as long as they have a valid license and the owner was agreeable.
If you paid cash and bought it outright, without financing, you don't have to have ANY collision or comprehensive insurance on it if you don't wish. If the car was financed you will have to insure it against damage until such time as the loan is paid off. As far as liability insurance is concerned most (all?) states require proof of liability insurance before you can legally operate on the public roads.
There is no grace period. Legally you can not drive a car on public roads without proof of financial responsibility. If you bought a cash car your supposed to leave it parked until you get your insurance and your registration. If you have purchased and financed a new car, most finance companies require proof of full coverage before you can drive it off the lot.
Most state require that you drive with insurance. As long as when you go to court and you have insurance coverage they should reduce the charge of driving without insurance.
Yes! As long as you are of legal age (In the state you are a legal resident of) you can buy a vehicle. You cannot legally register the vehicle in your name or legally drive the vehicle. You can even insure the vehicle with many insurance carriers; just not for driving purposes (i.e. as a "collector" vehicle for loss or damage in storage).
You can't drive legally until you get them renewed