Call Us Toll Free: 1-855-430-7753
Go To Top
Get Personalized Car Insurance Quotes
Currently Insured?

Does a co-signer on a car loan have to be on the insurance policy?


A co-signer may not necessarily have to be on the insurance policy for the vehicle that the loan was taken out on. It is important as a co-signer to make sure that the proper insurance is on the car though because of being on the paperwork for the car you can be responsible for what happens with the car.

If the primary on the loan does not properly insurance the vehicle, the lien holder typically requires both comprehensive and collision to be carried on a vehicle with a balance due, than you may be held accountable.

As a co-signer on the loan you are partly responsible for those who drive the vehicle and the damages that might result from their actions. You have vicarious liability as a co-signer. So if you are not the one to have insurance on the vehicle, make certain that the primary does have the required insurance continually carried on it.

As a co-signer you may request that the person holding the insurance list you as an additional insured. That way you are notified of any policy changes or cancellations.

If you have decided to take out coverage on the financed vehicle to make certain that the car is insured properly, you can start here for car insurance comparison.

Leave a Comment
Ask a Question
Tell us your thoughts
Leave a Comment

2 Responses to "Does a co-signer on a car loan have to be on the insurance policy?"
  1. robert

    My stepson tells me has insurance but I am not sure he does. How do I find out if he does?

  2. Anonymous


Disclaimer: Answers and comments provided are for information purposes. They are not intended to substitute informed professional advice. These responses should not be interpreted as a recommendation to buy or sell any insurance product, or to provide financial or legal advice. Please refer to your insurance policy for specific coverage and exclusion information. Please read our Terms of Service.

Ask Your Question Now


Penny will do whatever research it takes to find your answer ASAP.