Can you have liability insurance on a financed car?

Liability insurance is one type of insurance you will need on your financed car. Liability insurance helps cover the cost of damage or injuries you may cause to others in an accident, and it’s typically required by law in most states. However, some lenders require more coverage than just liability insurance: you may need comprehensive and collision coverage which proviede coverage for your own vehicle in case of theft, vandalism, or accidents for which you are at fault.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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