Insurance
Auto Insurance

What if you purchased a car but didnt have insurance at the time and they gave you thirty days to get insurance but after the thirty days you still didn't have insurance can they take the car back?

Answer

User Avatar
Wiki User
02/04/2009

Your car is not going to be repossesed because of your lack of insurance. However if you do not purchase insurance and provide a copy of your insurance to your lienholder, they will purchase it for you and send you a bill for it when you fianally pay off the loan. Keep in mind though, the insurance bought by the lienholder only protects the car from damage, it does not provide any medical coverage for you or your passengers, and does not provide and liability coverage if you are at-fault in an accident. Assuming you don't live in WI or NH you are required to purchase liability coverage to satisfy the state financial responsibility laws.