Can you keep buying insurance for a repossessed car and drive legally?
IF you mean a car that is being searched for by the lender, YES. You sure can RISK spending the money one day for ins. and watching it be towed away the next. Its your gamble. If you just want insurance to drive any car, I once read that you can get insurance without a car. Ask an insurance agent.
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All driver of a motor vehicle on public roads must carry proof of Financial Responsibility at all times. There is no exception for a newly acquired vehicle.
IF you plan on getting it back, dont drop it. If you're NOT getting it back, drop ASAP. The lender has coverage. Good answer. If you can't afford to get the car back, drop th…e insurance. You should not have coverage on the vehicle that is not longer in your possession. Let the lender assume the responsibility. Why pay for something you don't have anymore?
My son owns a car that is not insured. can I purchace liability insurance for that car and drive it legal?
In most states insuring a family members vehicle is acceptable. Ifit is not in your state then the vehicle can be insured in the sonsname with you as an additional driver.
That depends, because there are many different insurance coverages. You'll need to check your own car insurance policy and see if it covers you AND any car that you are drivin…g. If you can't find that information anywhere in the policy then check with your insurance broker and ask.. Sorry, but without actually reading YOUR policy that's the best answer I can give.
No - but you may have a short period in which an additional or replacement car may be covered under your existing policy. Check with your agent.
No. The only way you could possibly be covered under your own insurance is if you purchase the car and have a bill of sale in your name and your State has provisions for newly… acquired vehicles. You would also have to be driving the vehicle with a copy of your registration and your license plate. Always check with your insurer first to make sure they will extend coverage
no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.
I would keep it in the garage but as long as you don't drive it you should be fine.
In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictu…res, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a second car, your insurance goes up.
It is illegal to drive a car that is not insured for at least third party cover (i.e. if you hit someone then they - but not you - will get paid out). Therefore if the car is …not covered on an insurance policy that YOU have then to drive it you would need to be covered on someone else's insurance. Some people hold insurance policies that allow anyone (with permission from the owner) with a valid license to drive the car and in this case you would b covered on this policy - many company cars have this sort of policy. It is you DUTY to make sure that you/the car has as covering policy before you drive it and that you can PRODUCE this policy for the police should they require you to do so.
No. Just know that you may stop somewhere to go shopping and find that you are walking home. Also, you should know that if you were to surrender it, there would be less in rep…o fees and you are more likely to keep any personal belongings that are in your vehicle.
There are exceptions! If you are traveling, this is allowed within most adjoining states and countries. A good example exception is Mexico and USA If you are operating a comm…ercial vehicle the rules can and are different. Each commercial vehicle is insured to be operated in certain places only. Living in another state: Living in another state will only be allowed if the insurance company knows.
In Auto Insurance
Although most driving schools provide additional insurance for their instructors, you can find car insurance for instruction at most places where you would buy car insurance. …Look into GEICO, Prudential and Esurance for more details.
In Cars & Vehicles
It depends on your local law, but generally speaking you get a temporary registration from the dealer. You will probably have to show proof of insurance to get your permanent …registration. If you already have insurance, usually your new car will be automatically be covered for some short period of time under your existing policy, provided you notify your insurance company first.
In Auto Insurance
If the car you are driving is insured then you are not driving without insurance.
In Auto Loans and Financing
no you can not sory
In Auto Insurance
What is the legal if drives your friend car in that car is not insured and you get a ticket for driving without insurance?
If there is no insurance on the vehicle and you get a ticket for driving without insurance you are guilty of the offense and will have to pay your fine. Even though the vehicl…e belongs to someone else it is the responsibility of the driver to make sure there is valid auto insurance on the vehicle before driving it.