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One Comment on Do I need to maintain full coverage auto insurance for the life of my auto loan?

redroses2941 on Thu, 1st Oct 2009 9:26 pm


I know in NYS you have to maintain full coverage until the loan is paid off. Even if it is a used car with a loan. After you pay off the loan then drop your insurance to just liability. The bank will come after you if you are in an accident and the car is not fully covered to repair it and you had stop paying your loan.

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