Car insurance question.?

Car insurance question.?

Do i have to have a full coverage auto insurance on a car that is financed through the bank in the state of florida? I have a car from a nissan dealer if that helps!

knowyouragentnet

Almost 100% yes. In very rare circumstances would you be able to get around having "full coverage." Now, that being said, you might not wish to carrly liability only on a car you still owe on regardless of the answer. Ask yourself: "Do I want to continue making montly payments on a car I no longer own because I totaled it and couldn't get it fixed?" If you wish to get more in depth info on the specifics of coverage, you may wish to read the following article: http://www.knowyouragent.net/WhatisCoveredByaBasicAutoPolicy.htm. Have a great day!

Chris

yes u do if dont they will come get your car and keep it until you get insurance on it

DOUGLAS

So,a few of things you are supposed to think.I have had good experience here.......http://car-insurance.online-tips.info/car-in-insurance-ontario-rate.html

iPhone

Yes, you do.Source(s):http://www.icefirecn.com/auto-insurance-quotes/how-much-car-insurance-should-you-buy/

Pilgrim

No, you don't have to have "full coverage" (if there is such a thing)The lien-holder (bank) is only interested in the outstanding amount of the loan, and the asset (car) is collateral on that amount.They only require you to carry comprehensive and collision coverages on the car so if you have an accident or the car is stolen or suffers a decrease in value due to any other kind of sudden and accidental loss, their collateral is recoverable.Most states, however, require liability coverage, so you will also be needing whatever minimum coverage your state requires.If you want my advice, get UM as well. I was an adjuster for 10 years and the people that need UM the most usually don't have it.It's like the fellow who encountered a leprechaun when crossing a dry-riverbed at night. The leprechaun told him to reach down into the darkness and fill his pockets with the gravel from the riverbed. The guy half-heartedly did as he was told and scooped a few stones into only one pocket. He was miles away when the sun rose, and when he pulled the stones from his pocket, they were all gold nuggets. It was then he wished he had filled his back-pack . . .but he hadn't.This is the story of insurance.

40someth

Yes. All auto lenders insist that you have full coverage on the car, because it is their car until you pay it off (they have the title, you only have the registration). If you cancel the coverage, or don't pay your premium, the lender will find out. They have this information, and they will buy insurance on your behalf and charge you for it. Don't let this happen as it will be ridiculously expensive.If the car isn't worth much, but you still have a little left on the loan, consider paying it off with a low interest credit card, or a home equity loan. This will lift the lien on the car, and then you can do whatever you want.

Ask

insurance

Popular Q&A

What are the patment options for auto insurance companies?
Most of the time, it's up to each company to decide, within the boundries set for each state.If you're a brand new driver, Erie probably isn't going to write a policy for you, anyway. Erie likes established, safe drivers.You can usually pay monthly (with a $10 or $15 per month 'service fee'...

How can I get Safe auto to give me the money I am entitled to?
Well, they don't PAY blue book value. They pay ACTUAL CASH VALUE. Check here: www.kbb.com for what a private party sale value for your car is.If this isn't your insurance company, you can always file the claim with your insurance company, but they'll likey pay around the same amount.Your...

What happens if you keep switching auto insurance policy numbers?
$10 over a six month period can happen for no reason at all. If you stay with the same company after a while they will probably give a discount for that. Gold status could be after 1 or 2 years and platinum after 5 years or something like that. Your insurance agent is right, that is a good...

Do I have to have AAA insurance to be in the auto club?
you can belong to AAA without using their other services. I'm a member and I use State Farm for auto insurance.

What are the pros and cons of driving a hybrid?
Insurance is about the same as a regular car.Maintenance is about the same as a regular car - use your favorite mechanic or DIY.Same gasoline as a regular car...Depending on model, many hybrids are holding high resale values (mainly the fuel-economy hybrids as opposed to the power hybrids)...