Question

As a co-borrower on a car loan, what happens if the insurance payments aren't made?

My co-borrower on a car loan listed my name as a non-driving owner on her car insurance policy. What happens if she doesn't pay the premiums?

Feb 4, 2020 Culver City, CA

Answer
Ross Martin

Feb 4, 2020

The policy would cancel if she doesn't pay the premiums. Legally speaking, this wouldn't have an effect on you if you're a non-driver. However, if the vehicle is found to be without insurance, the finance company could repo the vehicle or force place insurance on it


Compare auto insurance rates and save up to $670 per year!

or
Location pin icon
Your information is secure.