Car insurance and finance question?

Question

I bought my car on finance a month ago and had to have Fully Comprehensive insurance for it. It is very expensive - if I were to drop to third party F&F, would they find out?

If they did what would happen?

Answer 1

You could try to use google it first,here has some direct information which I think is might be helpful.http://car-insurance.easyideas4u.info/un...

Answer 2

That would be really dumb.

Answer 3

As a licensed Insurance agent and service for a mayor insurance company in the nation I can tell you that lien holders (banks) call insurance companies all the time to verify insurance. If comprehensive and collision are not part of the coverages they can force insurance to you. And believe me; is a lot more expensive. (We are talking 0,000's) And off course other consecuences that may bring to you.

Answer 4

They would find out if you had a accident,then serious shite

Answer 5

Do you really think its worth doing that??  If you had an accident and your car was a write off you wouldn't get a new car off your insurance and you would have to still pay your finance. Keep it at fully comp!!

Answer 6

You would be in default of the terms of the loan contract.

Yes, they would find out, and the entire amount of the loan would be come due immediately.