Dear Terry, If I need a co-signer for an auto loan, can I still put the insurance under my name? -- MikeDear Mike, If you are the sole driver and the insurance company is willing to issue you a policy, depending on your driving and accident record, you can absolutely put the insurance under your name. The policy will reflect the lender as the lien holder. This week•Collector car market cools with economy•Should I refinance my car loan?•Can I exchange one car for another?•Does a co-signer affect my car insurance?If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter advertisementRelated Links:Take your car as a tax deductionNational auto loan rates10 steps to your best deal on a car loanRelated Articles:Keys to used-car buyingEnd-of-year car dealsPay-as-you-drive insuranceRead more Driving for Dollars columnsAsk a question
Dear Terry, If I need a co-signer for an auto loan, can I still put the insurance under my name? -- Mike
Dear Mike, If you are the sole driver and the insurance company is willing to issue you a policy, depending on your driving and accident record, you can absolutely put the insurance under your name. The policy will reflect the lender as the lien holder.
If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter
A little research could save you BIG on interest.