All Auto Insurance Info

by Elmo H. Love

Question by : Does getting a auto loan for a used car make car insurance more expensive?

im getting quotes and it seems if i get a loan insurance is a lot more..anyone elaborate?

Best answer:

Answer by mccoyblues
If you have a loan the lender will require full coverage insurance. They have to protect their investment and lower their risk. Obviously a full coverage policy is going to cost more than basic coverage hat you can buy on your own.

Add your own answer in the comments!

by Chris Pirillo

Question by shaawanwa: What does ‘first person” coverage mean in auto insurance?

Best answer:

Answer by lucy
in simplistic terms you are the one with the contract with the insurance company.

3rd party does not have a contract with your company, but can file a claim for liability either of their auto or injuries if you are found at fault in an accident.

as 1st person, the insurance contract spells out specifically your rights.
ie; coverage
what to do in an accident
any exclusions etc.

their duties are to you 1st since you have the contract with them. in most accidents, the insurance prefers to talk to their own insured 1st then to the 3rd party.

hope that makes sense

Add your own answer in the comments!

by eyewash

Question by bobbythomasjr: What auto insurance company will start policy without downpayment up front?

Best answer:

Answer by murrayc
most will bill you

Know better? Leave your own answer in the comments!