CO-SIGNING A CAR LOAN WON’T HIKE INSURANCE
Dear Driving for Dollars,
I usually co-signed a automobile loan for my boyfriend. He put the automobile insurance in his name only. Will they forewarn my insurance company about the purchase? Can my auto insurance go up?– April
Dear April,
It’s doubtful that your automobile insurance would go up unless you are listed as a motorist on that car. It’s wholly probable to not be named as an insured party on a automobile you own or co-own. It’s also probable to co-sign a automobile loan and not even be listed as an owner or co-owner on the title.
If you have a automobile question, e-mail it to us at Driving for Dollars. Read more Driving for Dollars columns and Bankrate auto stories.
Bankrate’s content, together with the superintendence of the advice-and-expert columns and this website, is dictated usually to support you with monetary decisions. The content is extended in range and does not cruise your personal monetary situation. Bankrate recommends that you seek the recommendation of advisers who are fully wakeful of your individual resources before creation any last decisions or implementing any monetary strategy. Please recollect that your use of this website is governed by Bankrate’s Terms of Use.
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Dear Driving for Dollars,
I usually co-signed a automobile loan for my boyfriend. He put the automobile insurance in his name only. Will they forewarn my insurance company about the purchase? Can my auto insurance go up?– April
Dear April,
It’s doubtful that your automobile insurance would go up unless you are listed as a motorist on that car. It’s wholly probable to not be named as an insured party on a automobile you own or co-own. It’s also probable to co-sign a automobile loan and not even be listed as an owner or co-owner on the title.
If you have a automobile question, e-mail it to us at Driving for Dollars. Read more Driving for Dollars columns and Bankrate auto stories.
Bankrate’s content, together with the superintendence of the advice-and-expert columns and this website, is dictated usually to support you with monetary decisions. The content is extended in range and does not cruise your personal monetary situation. Bankrate recommends that you seek the recommendation of advisers who are fully wakeful of your individual resources before creation any last decisions or implementing any monetary strategy. Please recollect that your use of this website is governed by Bankrate’s Terms of Use.
Create a headlines alert for “auto”
More From Bankrate.com
car – Yahoo! News Search Results