If you finance a used car that is under five thousand dollars do have to get full coverage insurance on it?

The insurance requirements for a used car vary depending on the state in which you live. In some states, you may be required to purchase full coverage insurance on any vehicle you finance, regardless of its age or value. In other states, you may only be required to purchase liability insurance, which covers damage to other people's property and injuries caused by you while driving.

To determine the insurance requirements for your specific situation, you should contact your state's Department of Motor Vehicles (DMV) or your insurance company.

Here are some additional tips for saving money on car insurance:

Compare quotes from multiple insurance companies before you purchase a policy.

Consider raising your deductible. A higher deductible will lower your monthly premium.

Bundle your car insurance with your home insurance or other policies to get a discount.

Take advantage of discounts for good driving, such as a clean driving record or completing a defensive driving course.