Do I need to have comprehensive insurance?

0 votes
asked Jan 3, 2019 in Insurance/Registration by Dudedai (210 points)
Do I need to have comprehensive insurance?

1 Answer

0 votes
answered Jan 3, 2019 by Marcelmixon (320 points)
Comprehensive and collision insurance coverage is only required if you have a lease on the car or you're still paying on the car through a car loan.

The leasing company or car loan company will require you to have comprehensive and collision insurance coverage on the vehicle until the vehicles loan is paid for in full.

Then you can drop the comprehensive insurance coverage if you want too after the auto loan is paid for in full and you own the vehicle free and clear without any liens.

108,713 questions

117,630 answers

1,356 comments

7,058,495 users

...