Does car insurance cost less for a financed or owned car?

To my knowledge, no car insurance companies use ownership of the insured vehicle as a rating factor. The only way your premium would be impacted by having car loan is if the bank or dealership requires you carry additional coverage you wouldn't carry yourself for a vehicle you own. Such as gap insurance or having low deductibles. Other than that, there's no reason you would pay more for a leased or financed vehicle than one you own. If you're looking for more information on owned versus financed car insurance, follow the links. If you're looking for a quote, see our guide to car insurance.