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No, BUT the person driving it does and if they fail to do so and the car is totaled then you will both be on the hook to pay off the loan...so its something to think about
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∙ 15y ago
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I cosigned a car for your son can i refuse to let his girlfriend drive the car?
No, but if you pay the insurance, or if she's not on his, you can probably manage to get her into trouble for driving it.
Can you carry auto insurance with no car?
You have to have a vehicle to carry auto insurance.
Are drivers required to carry car insurance in Maryland?
Yes, you must have your car insurance at all time
No car but have a Florida drivers license do i need to carry insurance?
No. You do not have to carry insurance in Florida if you dont own a vehicle.
How can you get your name off of a car note you have cosigned on?
you and the party you cosigned have to talk to who you have the note with and they should be able to help you out
What is a mdi adjustment on a car payment?
When you take a loan out on a car, the company that loans you the money requires you to carry insurance to cover the loss of the vehicle in an accident. If you do not provide them with information, or do not carry insurance, they will get insurance for you, and charge you the cost.
Your daughter is turning 16 Her dad is going to carry the car insurance on his car Can she drive your car?
The insurance is on the DRIVER as well as the car driven. So, the answer is Yes.
Can a cosigned car be taken out of state of Washington?
yes it can
Do you need to carry on paying car insurance after you have an accident?
yes
Can a person carry car insurance in 2 states?
Yes you can.
Does dealer insurance carry over on a newly purchased car for the first 48 to 72 hours?
Dealer insurance does not carry over after you purchase the car. Most states require you to have your own insurance to drive off the lot after you buy it.
Is it possible to get a car loan to get a car but put the car as immobile so you won't have to pay full insurance on the car?
NO, all insurance companies require you to carry insurance on a vehicle with a lien. What if it catches on fire or is stolen.
