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Do you need insurance for an auto loan?

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2015-03-18 21:43:02
2015-03-18 21:43:02

Yes,, All auto finance companies require that you provide full coverage on the vehicle until it is paid off.

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By co-signing the loan, they are guaranteeing that you will repay the loan. They do not need to be on the auto insurance policy, but it would be in their best interest.


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The same as they were before the accident. You owe the balance of the note loaned you. If you had full coverage auto insurance then you will likely have no need for concern.


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This is not auto insurance but life insurance. What you need is credit life in conjunction with your auto loan.


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You will need an insurance license and the associated traiing to open an auto insurance business


You could find out more about auto loan financing by consulting your bank or speaking with a representative of your insurance company. http://www.autoloanfinance.net/



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No. The loan on your car has nothing to do with a DUI. If you do get a DUI, most probably your insurance renewal premium will go up a lot. But, your insurance has no reason to cover your auto loan. It is up to you to make your loan payments with or without a DUI on your record.


yes i can get loan agenst my life jnsurance


Don't do it as you are likely breaking your contract and the auto will be repossesed or you will be charged for forced place coverage or both.


You can find a car loan with low rates by visiting auto loan companies such as Nation Wide Auto Lending. You can also visit insurance companies such as State Farm for car loan rate quotes.


Yes, you are required by law to have auto insurance in the state of Pennsylvannia.


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At the time any terms of the loan agreement are not met, (late or missed payment, lapse in insurance, etc.).


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