I don't drive my financed car. Do i need auto insurance?

Answer Undoubtedly your finance contract requires full-coverage insurance. They will want it insured because there are other causes of loss besides collision.

Top Q&A For: I don't drive my financed car. Do i need auto i...

Do you need insurance if you dont have a car but you drive others that arent in your family?

there are many variables in this question...most of the time NO, if you have permission to drive the vehicle (occassional use only), from the owner baring any exclusions in the policy then you are ... Read More »

Does one need auto insurance to drive with a learner's permit in New Jersey?

Insurance and Learners permits Yes, All 50 U.S. states require that a driver carry the appropriate Financial Responsibility. There is No exception of law in any U.S. state for a learners permit. A... Read More »

How long do I need full insurance coverage on a financed vehicle?

In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liability.

Do all financed cars in NJ need to have full coverage insurance even if not driven?

Answer Most finance companies would be able to answer this for you. It will vary depending on the banking institution. Full coverage is a general assumption that you are covered meaning what you ar... Read More »