Is Free Auto Insurance Actually Free?

Nevada Insurance Enrollment Answers: Does Free Auto Insurance Exist?

LAS VEGAS - nvtip -- Most people don't believe that there is such a thing as free car insurance. Interestingly, that's not the case. A number of car owners have taken advantage of auto insurance coverage at no direct cost to them. While this may seem like quite a fair deal, it often falls short as free auto insurance is not without its stipulations.

Free Auto Insurance Offers
Some states offer special car insurance for individuals who are experiencing difficult economic circumstances and can't afford insurance. However, our point of focus is free insurance from dealers and car manufacturers. Usually, free car insurance is advertised and offered by car manufacturers as an incentive to bring in more buyers. Additionally, since car manufacturers sometimes offer financing, giving free car insurance is a way for them to guarantee protection on their investment.

Level of Coverage
The level of coverage will vary from offer to offer, but the standard thing is that such insurance will in most cases only meet the state minimum car insurance requirements. It's important to read the agreement and its fine print before signing on the dotted line.

More on
These offers are rarely if ever, advertised nationwide due to varying state insurance regulations.

Free Insurance Affects Bank Financing
Since most free car insurances only offer minimum coverage as per the state's (check your state) requirements, lenders will most certainly not be on board with such offers. This is because when you finance a car using a loan, your lender technically owns the majority of the asset and would want to ensure it's fully protected in case of an accident/damage. So, if you are looking to purchase your vehicle through a lender, you should do your due diligence about free car insurance.

Read the full article:

Learn more:

Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554

Nevada Insurance Enrollment
Shelly Rogers

Source: Nevada Insurance Enrollment
Show All News | Report Violation

1000 characters max.

Latest on