What if i get into an accident in my car and i have not paid it off yet, and i do not have car insurance?

Vipassana

Then you're totally screwed.

What did you think would happen?

You'll still owe on the loan, because you have no insurance to pay off the vehicle.

You'll get hit with huge fines, because you were driving without insurance.

You'll likely get your license suspended.

And good luck getting car insurance in the future. Once they see your record, you'll either have huge rates, or be declined.

All in all, it will be the end of you. Why you would drive without insurance, is completely beyond me. It's the law, and it's stupid not to.

Scott H

Then you will have earned the right to officially be called "idiot". You still have to make the payments, though. If the accident was not your fault, the other drivers insurance will cover it.

Scouse

Hopefully it is not your fault and the other motorist's insurance will pay for the damage. Expect a call from the fuzzz though. if it is your fault you are screwedgood stylee if the matter has been reported to the police. No car Still owe the money on it and the cost of the repair of the other car a criminal record.

I would have absolutely no sympathy with you

oklatom

If you have a car that is financed, and have no insurance on it, don't be surprised when the tow truck comes to get it, because you are probably in default of your loan agreement. Most of them have a clause that you will keep full coverage on the car, and name the lender as loss payee, and show proof of insurance.

So, if you have an accident with no insurance, you will pay for everything you broke out of pocket, you will continue to pay for your car until the balance is zero. you will be ticketed for not having insurance and it's possible you will lost your drivers license along with the fine the court will put on your ticket.

sensible_man

Then you have not met the requirements for financing. If you are still making payments on the vehicle, you are required to carry full coverage insurance on it.

entidtil

You will have no car and you will still have to make payments on it until the loan is paid off. Lenders will not allow you to "have no insurance" They will buy it for you and bill you (add it to what you owe them). It typically costs about 4 times the normal price when they buy it for you

cye H

in canada you still have to pay for the car ,get insurance

Juno

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