so my friend in california says that any time you buy a car in california they can not require you to have full coverage insurance unless its a new year model. I dont think this is true, but since i dont live there i cant say for sure.



anyone want to set me straight here?



as far as i know any group that finances an auto requires full coverage insurance since the auto is still under the ownership of the dealership or bank.

 

coooome on.. someones gotta know!

 

I'm thinking that if the money is borrowed from a bank then they require for you to have Insurance, that way they get there money back if you ride off the car. Well at least that's what happens here.

 

if you finance a car then you have to have full coverage. the bank doesnt want to loose their $$. if you buy the car cash, they dont care if you have insurance or not

 

yes if the car is being financed, u must have full coverage on the car at all times. if you pay the car in full, then u need at least liabilty to drive it off the lot

 

and this is true in california, correct. I know in washington its that way.

 

Same here.