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Auto loan and no collision insurance?

Updated: 9/23/2023
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11y ago

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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.

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11y ago
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Q: Auto loan and no collision insurance?
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Related questions

What information do you need to get auto insurance?

Auto collision insurance weiver of deductable


What insurance is needed in case of a car collision?

Collision coverage, also known as auto collision insurance, is the part of your auto insurance that most always pays for damages to your vehicle in the case of an accident.


Can you qualify for an auto loan with no drivers license?

yes you can get a auto loan without a license but you can not get auto insurance with out one and you can't complete the loan closing without insurance.


Which insurance companies offer collision insurance?

The forthcoming insurance companies offer collision insurances: Insurance4CarHire, Auto Rental Collision Damage Waiver, Rental Cars and the Collision Damage Waiver, etc.


What is a type of auto insurance that covers damages to the car resulting from collision with another car or object?

It's called Collision coverage and is usually purchased along with Comprehensive coverage when you buy your auto insurance. If you purchased the collision coverage option when you bought your auto insurance policy it will be covered.AnswerThird party car insurance.


Does the cosigner on an auto loan have to be on the insurance policy?

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.


Minimum auto insurance on an auto loan?

full coverage


Does homeowners insurance cover your car when it rolls down a steep driveway into a tree?

No. Your homeowners Insurance Policy does not cover Auto Collision. You will need to file on your Auto Insurance under your Vehicle Comprehensive and Collision Coverage.


Can i ask my auto insurance to help me even i don't have collision?

yes


Can a cosigner on an auto loan get insurance on the vehicle?

Yes


When is it appropriate to remove collision from your auto insurance policy?

I don't think you can legally. If your car is still being paid for the lien holder requires the collision insurance.


What insurance covers the driver who is at fault?

Assuming that the at-fault driver maintained it at the time of the collision, his/her auto liability coverage would be triggered.