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:7 best off-to-college carsNational auto loan averagesWhat changes auto loan rates?Related Articles:All new cars for 20105 steps to 'clunker' dealTake the 'cash back?'Read 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