Will a repossession affect auto insurance rates?

Will a repossession affect auto insurance rates? Repossessed auto insurance rates will be higher than those without a repo on their record. With a repo, you may be considered high-risk from insurers. Make sure to keep your auto insurance coverage on a repoed vehicle until it's sold or you get it back because a lapse in auto insurance coverage can raise your rates by 124% or more. However, affordable car insurance after a repossession isn't impossible to find. Find quotes for car insurance rates after a repossession now.

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UPDATED: Mar 22, 2022

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