If I catch a standard loanfrom Fifth Third Bank, do I own to hold full coverage auto insurance?

I'm looking to buy a 1998 Grand Prix GT for $2700 and looking to take out a loan to do it. I'm not getting an auto loan, but instead a general loan. I be wondering if anyone knows if I'll need to enjoy full coverage insurance on the car while I'm repaying the loan? Thanks.
Answers:
is it unsecured loan ? I dont meditate you need full coverage. get your best insurance quote at http://www.freeautowarrantyquote.com/FreeAutoInsuranceQuote.html Source(s): http://www.freeautowarrantyquote.com/FreeAutoInsuranceQuote.html
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If you are using the car as collateral you will own to have full coverage. If you are just taking out an unsecured personal loan consequently you won't need full coverage. Think about what will appear if the car is totaled will you be able to fashion the loan payments and afford to purchase new transportation? You might want to but full coverage even if they don't require it while you still have the loan.
Its up to the hill. My guess is that since the amount owed is so low - no - but that doesn't mean they can't require it.


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