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This will depend on the state laws and regulations where the vehicle is registered. It also may have to do with whether or not the vehicle is financed. Financed vehicles will always have to have insurance according to the finance agreement. In Georgia, the only way that you can not have insurance is to surrender the tag and registration of the vehicle. If you have an active tag then you must have insurance on the vehicle. If you have the tag for even one day that you don't have insurance you will be fined and eventually the tag and registration will be cancelled then the driver's license will be revoked.
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∙ 12y ago
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Should you continue your insurance coverage for a car that was repossessed?
If it's no longer your vehicle, you don't need to insure it.
If you repossess your car do you have to continue insurance coverage on that vehicle?
I take it you mean, if your car IS repossessed. In that case, IF you dont plan to redeem it, NO. NO car, NO insurance. Once the lender repos the car, they are responsible for the insurance coverage.
What happens to your car insurance if your drivers license expires?
You need to know how your policy reads. A standard policy will continue your coverage, but will most likely cancel your coverage at the next renewal date if you don't take care of it soon.
Do you need car insurance if car is broken down?
You may not need collision coverage but you should consider comprehensive coverage which covers theft, vandalism etc.
Do you need full coverage insurance if your car is 5 years old?
Full coverage requirements have nothing to do with the age of the car. If you still make payments on the car then you still have to have full coverage. If you own the car outright, then you do not have to have it.
If your car has been repossessed are you required to continue insurance and for how long?
Once your car is repossessed, it is covered by the repo companys and the lenders VERY expensive ins. No need for you to maintain coverage UNLESS you plan on redeeming it ASAP.
Should I continue paying car insurance if the car is totaled and have it removed from my policy?
If you plan on continuing the coverage on your new car then the answer is yes. If you don't get a new car then STOP!
Do you need to put full coverage on eight year old car?
If the car still has some value them you may want to. If it is 2000 dollars a year for the coverage and it is a 2000 dollar car, then you may not need to.
What type of insurance coverage is needed to pay off a stolen car?
you need to have Comprehensive coverage on your policy.
How much auto insurance do you need?
you only need pl and pd on a used car and full coverage on a new car
What coverage do you need when you receive title of you car?
Liability as the absolute minimum.
What type of insurance is need when you have lien or loan on a car?
comprehensive coverage
