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?
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.
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