can you get liability insurance on a financed car?

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Asked July 11, 2017

1 Answer


Yes, you can get liability insurance on a financed car. In fact, if you have a car loan or lease, your lender or leasing company will likely require you to carry liability insurance. Liability insurance is designed to protect you financially in the event you cause damage to another person's property or injure someone in an accident while driving your car. It does not cover any damage to your own vehicle or any injuries you may sustain in an accident. When purchasing liability insurance for a financed car, you may want to consider getting higher limits than the state minimum requirements to ensure that you are adequately protected in case of an accident. It's also important to note that some lenders or leasing companies may require you to carry collision and comprehensive coverage in addition to liability insurance.

Answered July 12, 2017 by JDouglas

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