When purchasing a car with financing, you will be required to get, at minimum, collision insurance. The finance company has the right for protection of the vehicle they are covering. Of course, they want their “property” covered while in your possession until the loan is paid off. Here is a brief video explaining the reason of mandatory collision coverage.

Auto Insurance : What Is Full Coverage Automobile Insurance?

Of course you also are required to carry liability insurance too. In our next post, we will go over some details on liability insurance.

Call 480-443-1952 and let Doug Seide give you a no obligation quote on your auto insurance.