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There is no grace period after signing a car lease. This assumes that there was no misrepresentation or fraud in the inception of the agreement. Also, dealerships generally display a No Cooling Off Period in the financing office and similar language is customarily on the lease and other documents.
Even if there is a grace period it is always best to inform your insurance agent when you have purchased a new car and to give him the information needed to get the motor vehicle properly placed on the policy as soon as possible after your purchase of it.