I was going to try out CapitalOne but I think they do require full coverage. Is there any other place I can apply w/o requiring full coverage since Liability alone is roughly the same as I pay now.
There no loan company out there that will allow you not to have full coverage. Their protecting their interest in THEIR vehicle.
Nope, all lenders require you to carry full coverage until the loan is paid off. They want to protect their investment. If you don't want to carry full coverage insurance you can always get the insurance provided by the lender, it's going to be much more expensive then insuring the vehicle through your own insurance
Any legitimate company that is giving you a large sum of money for a vehicle is going to want to protect their collateral (your car). They require you carry full coverage because they want to make sure that if something DOES happen to the vehicle, that you will repair it. It's not very likely that you will find a company that doesn't require full coverage.
You probably wont find any loan company's that will let you go without full coverage. The car belongs to them until you pay for it. So they are protecting there loan by making you have full coverage. If you get a loan and don't carry full coverage than you are in violation of your loan agreement and they can get full coverage for you and charge you for it and it wont be the cheapest they can find as they don't care how much it cost ........ujn
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