Overview
If you change auto insurance providers at any time during the life of your refinanced loan, you must update your insurance details to ensure your new policy meets lender requirements and correctly lists your lienholder.
How to Update Your Insurance Information
1. Notify Your New Insurance Provider
When setting up your new policy, make sure your lender is listed as the lienholder. You will need to provide:
✔ The new lender’s name and mailing address (found in your loan documents).
✔ A request to include the lender as a lienholder on your updated policy.
💡 Tip: Your insurance provider may ask for proof of your loan agreement to make this change.
2. Contact Your Lender With Your New Insurance Details
After switching providers, download your new insurance declaration page and email it to your Lender. You can find the email address for your lender under your auto loan summary at the bottom of the page on your My Account.
Why Is This Important?
✔ Ensures compliance with loan terms and insurance requirements.
✔ Prevents coverage lapses that could put your vehicle and loan at risk.