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Your car finance company will add their own insurance that covers their vehicle, but not your liability. ANd it will significantly increase your payments. It would be so much cheaper and better protection for you to find your own insurance. Park it until you get insurance.

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โˆ™ 2005-12-08 04:55:53
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Q: What happens if you pay your car loan so it doesnt get repossessed but you dont have insurance?
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Related questions

Can a car be repossessed for not having tags?

No, only when you are required to have full coverage insurance and you dont, and the obvious that you do not make a payment.

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.

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What happens when you have a car accident that was not your fault?

You Can Claim For Money Depending on whether or not you HAVE insurance. If you dont have insurance. your screwed.

How can you get your car repossessed?

dont pay the payments ever

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If you have car insurance ,police will never stop you even if you dont have driving license.

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This means if yall are meant to be yall will be but if he doesnt say it to then dont waste your time on him.

When a car is repossessed in Illinois do the police have to be notified?

no the police dont have to be notified

What happens when you pay off an auto loan?

the bank cant come and steal it. but the insurance company can if you dont pay that

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Most of the time, your car may be de-registered.

What happens if your car gets keyed on your friends property and you dont know who did it what happens?

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