Car Insurance Solutions

Are You Responsible For Maintaining Your Auto Insurance After Your Car Has Been Repossessed?

Once the car has been repossessed, you no longer have an insurable interest in the vehicle. Drop your insurance coverage. The finance company will sell the vehicle at auction and you will be responsible for the difference in the amount you owe less the sell amount. You will also be responsible for the repo charge & auction charge.


They are loking for: am i responsible for maintaining insurance on a repo car

3 Responses to “Are You Responsible For Maintaining Your Auto Insurance After Your Car Has Been Repossessed?”

  1. RB Says:

    I would say no.

  2. I know, I know!!!! Says:

    Probably a good idea until the title has changed hands. If it’s stolen or damaged, you may get stuck for additional charges.
    Advise your agent and see what he suggests

  3. wizjp Says:

    No, that is silly. Why would you pay for something you don’t have?

They are loking for: can i drive my friends car without insurance, do i need insurance to drive my friends car, can i drive friends car, can i drive a car without insurance, can i drive my friends car with his insurance, do i need car insurance if i drive my friends car, us visitor drive uk friend\s car, can i drive my friends car without insurance in uk, can i drive my friends car, I drive my friends car insurance