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

246,725

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

1 of 1 people found this helpful.
80

Yes

130

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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