Can i get auto insurance after a repossession?
If you have a repossession on your record and you have purchased
a new vehicle, you will have no difficulty purchasing insurance.
While some states allow auto insurance providers to check the
credit history of applicants to determine their auto insurance
rates, not all states do this. Even states that check credit
history for premium ratings cannot deny you insurance strictly
because you have a repossession on your record. While your premiums
will be higher in the states that use credit history, you will be
able to find insurance through large name insurers. The primary
concern of the insurance company is your driving record and
accident history. If you have a bad record, you have a more
difficult time finding insurance and you may have to insure your
vehicle through a high risk insurance company.