Ask an Agent
Have a question? We're here to help.
Ask an agent for free
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
Author profile picture

Ava Lynch

Senior Analyst

Credentials
  • Licensed Insurance Agent — Property and Casualty

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

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!

Ask an Agent
Have a question? We're here to help.
Ask an agent for free

Insurance is complicated, but it doesn't have to be.

The Zebra searches all of the top insurance companies, in one place, so you can compare the cost and coverage you need to protect your car, home and other property.

Step 1: Tell us a little about yourself

Choose an insurance product and enter your zip code to get started. No phone number required.

Step 2: Sip your coffee while we find the best quotes

Enter the necessary information and then sit back while we find quotes from 100 top insurance carriers.

Icon Fill Form

Step 3: Compare your quotes

Compare quotes side-by-side to find the right match for you, whether it's home, auto, or more.

Icon Agent

Step 4: Let our agents do the hard work for you

Once you pick your policy, our agents are here to get you over the finish line. Then just relax and enjoy your savings.

Compare insurance rates today!

Location pin icon
No junk mail. No spam calls. Free quotes.

Related Questions

Other people are also asking...

Can a bank add insurance to my loan when I already have insurance?

This sounds like a processing error. Short of that, I would say that this issue is unfortunately too specific to your policy for me to accurately advise. You'll need to contact your loan company as well as the insurance company for further help. If it is an error on the part of the company, th…
Jun 4, 2019 Chino, CA

How do I remove a car from my insurance policy?

Depending on your insurance company, there are a few ways to remove a vehicle from your policy. Many major providers allow some policy changes to be made digitally— either through their website or mobile app. Others may only allow modifications through customer service, so you may need to call your…
Jan 18, 2022 Austin, TX

What are my options if I am paying over $700 a month in car insurance?

Unfortunately, it would appear that your girlfriend's insurance company sees her as a high-risk driver. This would explain her coverage being dropped and the new policy having expensive rates. There are many factors that come into play when insurance companies determine rates. Your driving rec…
Jun 5, 2019 New York City, NY

Should I cancel my policy if I sold my vehicle and won't be getting another car for a month?

Canceling your auto insurance when you sell a vehicle sounds like a good idea until you realize the potential pitfalls of doing so. While it may not make sense to maintain auto insurance when you no longer own a vehicle, consider the fact that you still have to have insurance to test drive a vehicl…
Mar 9, 2016 Lincoln, NE