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Question

Do I have to tell my car insurance company about my lien?

When I sign up for insurance, they are aware of the lien on my vehicle and who the lienholder is right?

Apr 4, 2018 Buffalo, NY

Answer
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Ava Lynch

Insurance Analyst

Credentials
  • 7+ years of Experience in the Insurance Industry

Ava joined The Zebra as a writer and licensed insurance agent in 2016. She now works as a senior insurance contributor, providing insights and data a…

Insurance companies do not know who the lienholder is without it being explicitly provided, but many insurance agents will ask for it when they write the policy if you mention that your vehicle is financed. In general it's always recommended that you be as transparent as possible when getting car insurance quotes.

Also keep in mind the lienholder – aka lender, which can be a bank or other financial institution – will likely require that you list them on your car insurance policy until your loan is paid off, and may even require that you purchase a certain type of vehicle coverage. Hope this helps!

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