Do I have to pay full coverage insurance for used car?


Asked by Mar 01, 2016 at 01:10 PM

Question type: Shopping & Pricing

If I buy a used car and make payments on it do I
realy have to pay full coverage insurance for it?

3 Answers

Tom Demyan

Yes, as long as there is a loan/lien on the car you have to carry comprehensive and collision.

1 out of 1 people think this is helpful.



The bank requires that their collateral be protected so yes, you do need to carry full coverage, often with limits on how high of a deductible you can have.

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