What type of car insurance am I required to have for a financed car in California?

I'm trying to figure out what car insurance I'm supposed to have for a financed car. Is there a minimum that's required in California? WIll car insurance companies know what the requirements are?

Answer
“Apart from California’s minimum coverage car insurance that’s required for any car on the road, car insurance companies won’t know what coverage you’re required to have.
Most lenders require that the financed vehicle carry both collision car insurance and comprehensive insurance. Occasionally, they will require specific liability car insurance coverage limits as well.
When you sign your finance agreement, your lender should provide you with the specifics of the coverage required. If they don’t, ask them directly about coverage you’re required to have. “
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Emily Maracle
Answered on May 17, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
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