Does a car loan affect your insurance price?

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Having a car loan can affect your price of car insurance mainly due to being required to carry comprehensive and collision coverage on your plan.

Some lenders also cap the maximum allowable deductible you may have as well, so it’s important to check that out before taking out the loan.

For more car insurance information, visit our website blog at www.sononinsurance.com or schedule a phone or virtual meeting to review your plan and options.

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Sonon Insurance, LLC