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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.

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โˆ™ 2015-07-15 19:22:47
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Q: If you repossess your car do you have to continue insurance coverage on that vehicle?
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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.


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What if you are driving someones car that doesnt have insurance and you get in an accident but you did not know they did not have insurance?

Usually, it is the responsibility of the owner. However, if you have insurance on your vehicle, they will step in as secondary coverage...including covering the damage to the vehicle you were driving, if you have the coverage.


Is there a charge by a lien holder if you do not have insurance on the vehicle?

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