0
Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.
Still curious? Ask our experts.
Chat with our AI personalities
LaoThe path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
DevinI've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
MaxineI respect you enough to keep it real.
Chat with MaxineAdd your answer:
Earn +20 ptsQ: Can a car only get repossessed for no insurance?
Write your answer...
Submit
Still have questions?
Trending Questions
How do you increase the speed limiter to a scania 164?
What is the different between a turbo charged car and a car that is not turbo charged?
Do you have to have full coverage if the title is in your name?
What is the timely manner for filing insurance claims in Texas?
Can you still have whiplash from a accident from six month's ago?
Where do you put oil in a Massey Ferguson 165?
What gears does a 1997 camro z28 auto have?
How far is it from the kingpin to the front of the semi trailer?
If you parked in a non parking space and some one reversed into you who's fault is it?
What is piston diameter?
How much is an expired tag ticket in Arkansas?
What is general liab code 56911 and what is premium basis?
Should you file a claim with your car insurance?
What in a car engine serves no purpose but without it the car wont work?
How do you tell what month your car was built?
What is a name of a car that has 5 letters beginning with a b?
How much does it cost to install a car door?
Where can one find a HQ Monaro for sale?
How much does janitoral insurance cost in state of ga?
How many quotes should I get for car insurance Alaska?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.