answersLogoWhite

0


Best Answer
Copy

Well, you certainly don't need AUTO insurance if you don't own a vehicle. Might still carry a personal liability policy if you have any assets to protect, but a college student probably doesn't.

User Avatar

Wiki User

โˆ™ 2014-02-06 19:39:22
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Add your answer:

Earn +5 pts
Q: Do you still need to keep paying insurance in Michigan if you do not own a vehicle anymore?
Write your answer...
Submit

Related Questions

Vehicle owners purchase insurance from an insurance company by paying a?

The answer for whatever exam you are taking is "premium".


Do you need to keep paying for home insurance when your home is being sold due to foreclosure?

Yes, you need/should keep paying for the insurance until you are not on the title anymore.


Can home owners policy insurance be dropped?

Sure, If you don't need it anymore no since paying for it.


Is an at fault party's insurance company responsible for paying insurance charges for a rental in addition to the rental fee?

No, they do not have to insure your rented vehicle. You have too.


Can my license be suspended for not paying insuranc I placed on someone elses vehicle?

In most states an insurance company must report to the DMV of your state that your insurance is been canceled. This often results in your state suspending your drivers license unless you can prove that you do not have a vehicle, and that the reason your insurance was canceled was because you no longer have a vehicle. The license plate that was obtained for the vehicle must be returned to the DMV. If insurance was purchased for the vehicle from another insurance company, then you must provide proof that you have insurance from the new insurance company. If the actual owner of the vehicle bought insurance from another insurance company, then this should be easy to prove.


What is collision auto insurance?

Collision insurance pays for damage that happens to your vehicle in an accident if it is your fault. It does not pay for the other vehicle or property involved in an accident. It is not required by law but it is highly recommend especially if you financed the vehicle and are still paying off the loan.


If you get into a wreck and you were the one in fault and the other person does not have insurance what will happen to them and will your insurance cover it?

Every state is different. Where I live, if you are the responsible party in the wreck then your insurance has to repair the vehicle that you hit. You will be responsible for paying your deductible to have your vehicle fixed. Also the driver without insurance will be ticketed by the authorities if they are present.


Will at fault insurance buy you a new car after paying your car totaled?

No. They will give you the money for the value of the vehicle and then you are on your own. However, check with your state's Department of Insurance. You might have recourse against the insurance company if you are unable to find a comparable vehicle with the amount they gave you.


What can someone do if they get into an accident with a vehicle they're still paying for with no car insurance?

The only thing you can do is pay for all your damages out of pocket. After all it was your decision to drive without insurance.


Is there any way to get a repossessed car back without paying the car insurance?

Not Unless you can prove that you already had the required insurance.AnswerNo. as soon as you have no insurance on a leased vehicle, the lein holder has the legal right to repo it.


Do you have to have insurance full coverage if you are not driving a car that you are still paying on?

Yes & No. You still have to have liability coverage, which is the lowest type of car insurance, if you plan on driving another person's vehicle. Because, several years ago, I drove my friend's vehicle and the brakes went out and I rear-ended another vehicle. My friend did not have insurance on his vehicle, so my license was suspended for three months for no insurance. I advised the DMV that the vehicle wasn't mine! But, they told me that it doesn't matter! I should have had liability insurance anyways, if I was planning on driving someone Else's vehicle!


When you buy a new car does the dealership have to turn in that information to your insurance company?

No, but unless you are paying cash for the vehicle the lender is going to want insurance coverage on the vehicle until it is paid for in case something happens to it. Therefore, the lender is going to want a policy number insuring their vehicle is covered.


Your car was totaled in a cardeer accident the insurance was in a friends name and a check was mailed by the insurance whos check is it mine or his?

Legally, its the friends because the insurance was in the friends name. Insurance checks are meant to be used on repairs to the vehicle or toward the purchase of a new vehicle. So you could try to force the friend to use the check toward the vehicle by taking them to court. Or you can start paying for your own insurance and not have to worry about the loyalty of your friends.


When paying off a loan. Is mortgage insurance premiums still due?

No, unless it specifically states in the mortgage contract the last insurance premium is to be paid with the loan payoff. If you don't pay it all they can do is cancel your insurance which you don't want anymore.


Will the insurance company accept your claim on a vehicle that is stolen if your late on your car payments?

They will accept almost any claim, paying it is another matter.


Does an insurance company have to pay the lien holder directly after an auto accident?

An insurance company generally does not pay the lien holder directly. The vehicle owner is responsible for paying for insurance coverage and will often deal with the insurance company themselves after a collision has taken place.


Do you need insurance to drive with a Provisional Licence?

Speaking from recent personal experience; yes you do need insurance if you are behind the dashboard of any vehicle. When you go on your driving lessons; you're most likely paying over the odds for the insurance


Why Must all drivers in the home be searched to get car insurance?

Insurance is all about risk...or possible risk. We don't pay for insurance definitively knowing that we are going to use it; we paying for the possibility of future need. Insurance companies need to know the household residents/relatives, because even though your household resident/relatives may not have a license, drive a vehicle on your policy, or even if they have insurance for their own vehicle, it's the mere fact of the possible access to or "risK" of providing insurance for a particular vehicle on an auto policy.


Vehicle in both names can spouse take it if other is not paying the payment while separated?

Yup. Pay your bill.Your spouse has the same right to the vehicle as you do. Your problem is that your paying nothing on the vehicle - so she has to pick up the bill. If she is paying the bill, then she deserves to have the vehicle. If you are paying the bill, then you deserve to have the vehicle. You cannot "one-up" your spouse by driving a vehicle that also has her name on it, and not paying for it. Your credit and her credit will suffer. My advice? Pay your bill. She has the right to the vehicle until you do.


Does paying car insurance monthly build your credit?

Paying your insurance premiums do no report to any credit reporting bureaus.


What is deductible for?

When you have a deductible in your plan, before your insurance starts paying for the coverage, you have to meet the deductible after which the insurance starts paying its portion.


What if your insurance company wants to fix your badly damaged vehicle but you do not?

The insurance company usually has the final say because they are in charge of paying out any damages. In essence, the insurance company usually takes the side of what will cause them to pay out the least amount of money.


Can you still collect on your own insurance without paying the deductible after an accident.?

If you have collision coverage on your vehicle you can collect from your insurance company for the damages. You will not have to pay the deductible if you were determined by the insurance company to not be at fault for the accident. They then go after the other insurance company to get the money they paid you back. If you do not carry collision coverage then you need to file with other insurance company, they will then decide who was at fault for the accident if their party was at fault they then pay you for the damages to your vehicle.


In a not at fault accident your vehicle was deemed total loss but you had aftermarket wheels on the vehicle that were damaged will the compensate you for those wheels?

Yes,,And if you add these or any other modifications to your vehicle, I would add this on to your own policy as "customization" so that if you have a comp or collision claim on your own policy, it is covered. This may depend on which insurance company is paying the claim, yours or the at fault person's. Your company many not cover your after market wheels if you did not purchase coverage for customized items on your vehicle. If the at fault party's insurance is paying you then yes they should take in to consideration the custom wheels on your vehicle.


Deciding on GAP Car Insurance in Florida?

Once a vehicle is driven away from the car dealership, it begins to lose value. Individuals who buy new vehicles can easily owe more than their vehicles are worth after owning them for only a few months. When a new vehicle is stolen or totaled, traditional car insurance will generally only pay the fair market value of the vehicle. The vehicle's owners are responsible for paying the difference between the vehicle's fair market value and the amount that is owed for the vehicle.Guaranteed auto protection (GAP) insurance protects vehicle buyers if their vehicle is lost or stolen by paying the difference between the fair market value of the vehicle and the amount that is still owed on the vehicle. Florida residents who are buying a new vehicle should consider buying GAP insurance. Buying GAP insurance is not always necessary, but in many cases, it is a good idea to purchase a GAP insurance policy.Where Florida Residents Can Purchase GAP InsuranceGAP insurance can generally be purchased at insurance companies that offer traditional car insurance. It can also be purchased at some car dealerships. Dealerships will often charge more for GAP insurance than car insurance companies, so it is important for insurance buyers to search for the best GAP insurance price and coverage.When Buying GAP Insurance is a Good IdeaSome situations where buying GAP insurance is recommended are when the vehicle buyer must pay the car loan for over three years, paid a low down payment, or will put a large amount of miles on the vehicle.GAP insurance only covers the cost of a vehicle if it is totaled or stolen, and it will sometimes pay the deductible for auto insurance. It is important to note that GAP insurance does not pay car payments, for repossessed vehicles, or the fair market value of a vehicle.When Buying GAP Insurance is UnnecessaryGAP insurance is unnecessary if a vehicle is worth the amount or less than the amount that is owed for its loan on the fair market. If the difference between the fair market value of a vehicle and the amount that is owed for the vehicle is small, a person may pay more for GAP insurance than the amount he or she will receive if something happens to the vehicle.