If I am on the loan, but not the title, can I insure under my name?

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Asked May 1, 2017

1 Answer


A person that is not on the title but is on the vehicle loan can get insurance for the vehicle. The financial institution will have outlined a certain minimum type of insurance required for a loan on the vehicle. Once you obtain insurance on the vehicle, you will give the financial lenders information the insurance company so they can send over the policy information immediately. If the financial lenders requirements are not satisfied, they will inform you as soon as possible.

Even though the person is not on the title of the vehicle but they are on the loan, they will want to look into transferring the title to their name once the loan is paid off. The vehicle will not legally be theirs if it is not titled to them. Also the party paying the insurance but not on the loan will want to have extra protection on the coverage for their long term benefit. For instance, if the car is in an accident and totaled out, the remaining amount of money will be sent to the person that has their name on the title, not the person paying the insurance or loan.

Answered May 3, 2017 by agenture

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