if i still owe money from bank
when will i switch
2007-02-16 08:25:52 · 2 answers · asked by poaPKPJ A 1 in Cars & Transportation ➔ Insurance & Registration
You must ALWAYS have FULL COVERAGE for any vehicle as long as it is either financed, or leased. If you don't, the leasing or financing institution will PUT INSURANCE ON YOUR CAR by force, and add it to your loan or lease payments.
You can switch when the car is paid off. However, in a "Lease" the car is never paid off. If you always have a lease you will always need full coverage.
2007-02-16 08:53:52 · answer #1 · answered by rob1963man 5 · 1⤊ 0⤋
Yes, you can switch your coverage as long as the finance company does not find out. Also, if you got in a wreck then you would be in a mess. You may want to try getting a quote online. I am paying less than ½ of what I was before.
Go to: http://www.insureme.com/landing.aspx?Refby=615451&Type=auto
Take care,
Casey
2007-02-19 15:00:50 · answer #2 · answered by Anonymous · 0⤊ 0⤋