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

Mushu

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.

Fred

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.

Entidtil

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.

Kate

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

Pixy

Full Coverage if any vehicle is being financed.

Ask

insurance

Popular Q&A

What happens to my auto insurance if someone else is driving my car?
In all US states, here's how it works.As the owner of the vehicle, you're responsible for the vehicle and everything it does. If someone else is driving and has an accident, you just had an accident because it's your vehicle. The insurance company knows this, so they put a couple of clauses...

How can you find out if a person have auto insurance coverage?
You should contact the police. Generally if there is an accident and a police report is involved, they will call the insurance company to verify it is an accurate policy number. If the police officer somehow wrote down the wrong number by accident, you can call the insurance company's claims...

Do auto insurance companies typically offer military discount?
The only company I know of that offers a military discount is USAA Insurance. None of the 20 or so companies I work with on a daily basis offer one.Source(s):Insurance Agent

Can the auto insurance company pay me directly for my medical expenses or do they have to pay the doctor?
Your medical insurance provider will collect from the insurance company of the driver who caused your injuries. This process is called subrogation. It is standard practice throughout the US.You are not entitled to dual benefit from your injuries. Go ahead and consult an attorney -- he or...