Is it true...while your financing your car......if you only have liabilty insurance....the finance company will add a charge to your monthly bill because you don't have full coverage?

When I financed my truck, the financial institution that I wen through made me have full coverage.

Yes. You have to have full coverage insurance if financing a vehicle. When you get insurance on the car the insurance company submits the policy to the financial institution. If you don't go out and get insurance the financial institution will force you to use their insurance.

If you read your agreement, most companies will consider yuo in default if you do not have full coverage. Read ti through really good to see if they require it, then call and ask if they put on a charge.

True, finance company have to secure their investment.