Whether you need vehicle insurance for a title loan varies by lender and state. However, if for any reason you don’t have vehicle insurance, do not let that stop you from applying for a title loan as many lenders can help you obtain insurance at the time of the loan.
At 5 Star Car Title Loans we are able to approve consumers from many different financial backgrounds. We require proof of full coverage insurance for any loan over $5,000. Liability insurance may be needed in other special cases. It is our recommendation, however, that there will be insurance on the vehicle for any sized loan.
To find out whether you need insurance for your car title loan, give us a call or fill out our online application and one of our representatives will get in touch soon.