Insurance?

heavy thinker: Insurance?
do i still have to provide insurance on a vehicle if i get a non operation permit? Im still making payments on the car so will the bank still want insurance? Can i even get a non op. on a financed car?

Answers and Views:

Answer by lorijotx
If you are financing a car, you have to have insurance. The finance companies check every few months and if they find you don’t have insurance, they send you a letter telling you to provide the info. If you don’t, they will then go out and get full coverage and nearly double what you can get it for.

As to how they check, they send an inquiry to the insurance company you listed. If you are still in good standing, they will let the finance company know. If you are no longer in good standingdropped the policy, they tell the finance company that too. That is how they find out.

Answer by mbrcatz17
The bank will require you carry collision and comprehensive. The insurance company WILL give you comprehensive, stand alone, if the vehicle is in a locked garage, AND is registered non op. HOWEVER, they will NOT give you collision with that comp.

Bottom line, you will have to carry liability along with the collision and comp, until the car is paid off. You CAN get a non op on a financed car, but I’m not sure why you’d want to.