Can I get liability insurance only on a financed car in Georgia?
I just financed a car a year ago. While the insurance wasn't bad at first, it's suddenly gone up quite a bit. Can I drop full coverage on the vehicle and just get liability?
Apr 23, 2021
Answer provided by
Answered at Apr 23, 2021
“You will likely not be able to drop full coverage (comprehensive and collision) on a financed car. This is because the car acts as collateral for the lender. Therefore, they will want to protect their asset with insurance.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
How does car insurance work when you're driving someone else's car?
I want to drive a friend's car. They have insurance, but I don't. If I get into a crash, what will happen?
Apr 12, 2021
Can damage by tenants be claimed under home insurance?
"I'm considering renting out my townhouse. If damage to the house exceeds the renter's security deposit, can it be claimed under my homeowners insurance? "
Apr 13, 2021