auto

Co-signing a car loan won't hike insurance

Tara Baukus MelloQuestionDear Driving for Dollars,
I just co-signed a car loan for my boyfriend. He put the car insurance in his name only. Will they notify my insurance company about the purchase? Can my auto insurance go up?
-- April

AnswerDear April,
It's unlikely that your car insurance would go up unless you are listed as a driver on that car. It's entirely possible to not be named as an insured party on a car you own or co-own. It's also possible to co-sign a car loan and not even be listed as an owner or co-owner on the title.

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If you have a car question, e-mail it to us at Driving for Dollars. Read more Driving for Dollars columns and Bankrate auto stories.
 

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