Whats the minimum auto insurance coverage i need on a finianced vehicle?

Whats the minimum auto insurance coverage i need on a finianced vehicle?

State of Washington.. Like do i need comprehensive or liability how much deductables and wat not


Since there is a lienholder on the vehicle, you will need the minimum full coverage - collision, comprehensive, property damage liability, bodily injury liability, and in some states you will also be required to carry uninsured- and underinsured- motorist coverage (check with your agent). Deductibles will be determined by you and what you can afford. If you want to pay a lower premium, you will have a higher deductible, such as $1,000. Or if you can afford a higher premium, you can choose a lower deductible, anywhere from $500 on down to nothing.I highly recommend purchasing rental reimbursement coverage. If your vehicle is disabled in a loss, you will appreciate having that coverage. It isn't too expensive, maybe an extra 50 bucks or so a year. Once again, check with your agent for options.


If it is financed you need full coverage. Since liability doesn't cover the car, it is not enough. Comprehensive doesn't cover collision and upset, so you need the works. It is nothing to do with what state you are in and everything to do with it being a condition of the loan. Nobody loans money for a car, a house, etc without having the asset protected.


The state requires liability coverage, the lender requires collision and comprehensive coverage. The deductibles are your choice. From your question, I can tell you need to educate yourself on Automobile insurance. Do So.BTW. The term "full coverage" means nothing,,, There is no such thing as "full coverage". Ask those that advise "full coverage" to explain what they mean. They won't be able to.


Full coverage anywhere in the USA unless u get written permission from the finance companyHey,The best way to get cheap insurance is to shop around and get quotesHere are some places you get almost 10 quotes within 5 minuteshttp://www.aiquote.net/DiscountCarInsura…http://www.aiquote.net/2Insure4Less.phpP.S let me know when you got an insurance policy 50% lower than your current policy thanks to me :D


Full Coverage if any vehicle is being financed.



Popular Q&A

Why are there so few auto insurance companies in Massachusetts?
I remember many years ago (late '70s) when I was applying to M.I.T., the material they sent me said that MA had the highest rate of car theft in the nation. I don't know if that's still the case after more than 25 years, but if so, that could cause there to be few insurance companies there...

Can you move out when your 17 when you live in Barberton, Ohio ?
Living on your own is great, and if that is what you want, then do it as soon as you can get all the essentials covered. Be sure you have a stable career job started BEFORE you bail the nest because you can really stack up some cash in a hurry when you don't have to cover car payments, auto...

I canceled my auto insurance policy mid month how long wil it take for them to reimburse the prorated premium?
can be up to 30 days, but if you cancelled by request, there may be a penalty-it's called shortrating and yes it's legal- look in the back of your policy jackets, everyone, and you'll see 'may charge any fees in effect at the time of cancellation'

How much would car insurance cost me?
The best way to find the lowest is insurance in Washington State is to simply get an online insurance quote. This will compare all insurance companies in Washington and find the company that offers you the lowest prices.You can get a free quote at http://www.auto-insurance-knowledge.com/…The...

How do I become an admitted insurance broker?
You need to get a company to appoint you - and that's mostly through networking.Usually in your shoes, YOU don't get to choose from companies, you're more likely to have to take whoever will take you on. Progressive is a pretty easy one to get into, or any captive agent like State Farm, or...