Getting car insurance without title?

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I am buying a car from a private party and financing the purchase through a bank loan. The bank has approved the loan, but needs proof of insurance to be shown at the closing. How do I get insurance for a car before I purchase it?”

Asked April 13, 2017

1 Answer


Financing a car is a great thing, but they are going to have rules to the process. You already know that they require that you get insurance, and proof of that before the funds can be transferred 100%. The law requires you to have insurance, which means that you are going to need to get a quote and do a few other things.

The first thing that you need to do is, gather information. Get the make, model, year, license plate number, and the vin number of the car that you want to purchase. If you do not have all of these things, you may not get an accurate quote. Ask the seller for this information. Write it all down, then call several insurance companies and ask them to give you quotes.

Once you have a quote, you will need to decide which company you want to go with. After you decide this, you may have to put a down payment down on the policy. Pay this down payment, and you will get proof of insurance sent to your email, and phone.

After you receive these things, you need to print out the proof of insurance. Print one page out for your new car. Then take the print out and fax the proof to the bank, as well as call them to inform them that you received an insurance policy. To ensure that this works out without any hitches, plan for this during regularly scheduled banking and insurance policy hours. If you do this within the time frame of each option open, you will be able to get the loan funding, and proof all done so that you can drive away.

Regardless of whom you purchase a vehicle from, getting insurance is not difficult to manage. Plan ahead, gather your information and get quotes. Once you do that, you will be given further information based on the bank you're using.

Answered April 13, 2017 by ng63

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