Blogs and Resources - LA Insurance

Buying a car is utterly exciting, but trading one in? That can feel kind of overwhelming. Especially if you still owe money on it. So, when it comes to selling a car with a loan, you might wonder, Can I trade in my car if I haven’t paid it off? The short answer is yes. But there’s more to it.

Wrecking a financed car without insurance can turn into a financial nightmare. You’re still responsible for the loan balance, and without coverage, you could owe thousands. Worse, if you’re at fault, you might face legal trouble and have to pay for property damage or medical expenses out of pocket. In this article, we’ll break down what happens in different scenarios, how insurance coverage helps, and why driving uninsured is a risky move. 

Have you ever wondered how often deer accidents occur? Every year, approximately 2.1 million deer-vehicle collisions take place in the U.S., causing over $10 billion in economic damages, according to a 2022 study.