Can my car be repossessed for no insurance?
Your car can be repossessed by the auto lender or lesser if you break your contract but most will choose to add insurance costs to the car payments instead
Your car can be repossessed by the auto lender or lesser if you break your contract, but most will choose to add insurance costs to the car payments instead. If youre concerned about whether youre paying for the car or for the insurance, its important to understand that some auto insurance companies offer savings. For instance, your auto insurance company can go after an itemized deduction in your contract if you have less than $5,000 in consumer credit history. The savings is not a deduction for the insurance but for the car payment. With that said, your auto insurance company should be able to identify savings for you based on your history and the facts of your financial situation.
Drivers can save $859yr by comparing car insurance
Drivers can save $859/yr* by comparing car insurance quotes from more than 40 auto insurance companies in New York. The best insurance companies to get quotes from in New York to include Allstate, Geico, and State Farm. Rates are subject to change at any time.
Re Car Repossessed Over Lack of Insurance but it Was Insured
Re: Car Repossessed Over Lack of Insurance, but it Was Insured In My Own Garage. Hi, I am a good friend of one of our clients. My name is Kevin, and I am the Manager of Customer Service for AutoHealthInsurance.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$81|
|5-yr Claim Free||$86|
|Paid in Full/EFT||$47|
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Discounts are estimated and may not be available from every company or in every state.