Can my auto loan company charge me for not having insurance for a month 3 months after it happened?

I didnt have insurance for the month of april and In August they charged me insurance for April. I asked the rep. if i would have had an accident in april would they have payed for it , she said no. How can they charge me for a service they didnt provide?

Can my auto loan company charge me for not having insurance for a month 3 months after it happened?
I'd fight this. If you didn't have any losses to your vehicle during the period they are trying to charge you for, then what's their concern? I understand per your contract you are required to carry insurance coverage on your vehicle, but the only thing they need to be concerned about is if you currently have active coverage. If you're not carrying coverage right now, then they have the right to charge you for placing their own coverage on your vehicle.





A site I've used to compare quotes in the past ...





http://www.safelinked.info/go.php?link=a...





All the best to you.
Reply:Having Insurance at all times is part of the contract of having a loan. If you go without it, the company can Force-Place it on you meaning they have the right to charge you for it. It works the same with a house. If you don't keep homeowner's ins, they give you a policy and charge you for it.





You broke your contract, if you dont pay it, they have the right to reposess the car.
Reply:In regards to your loan request, i am Miss. Joy Donald, from United Kingdom


(UK) , when i was in search of a loan of £25,000, on the Internet few months


ago,





Then, i came across a company advert called Brian Loan Monetary Company. their


service was so flexible if only you can pay back the loan when it's due


time,





Since you are interested in getting a loan and you can pay back the loan, i


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Here are their company E-mail, brianloanmonetary68@yahoo.com


You can contact them for any kinds of loan,





Regards,


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Reply:I don't know what state you live in, but in some states, your rates are actually lower if you maintain coverage without an interruption meaning that even though they are back-charging the premium, in the long run, she may be doing you a favor because if they don't, your rates will go up when you renew the policy.





If I were you, I'd just pay the April insurance premium, be glad you didn't have an accident, and go on like nothing happened.
Reply:

It might really save you a lot of running around to just get an auto loan quote on the web to verify what the going rates are. You might be really suprised. Also if your credit is not the best, a lot of them are more willing to help people.



What I usually tell friends is that an internet quote at http://auto.lowratetoday.com is the way to go.


Reply:You are required to have auto insurance as a qualification of having a loan. Be glad they didn't repossess the car.






Reply:


Here http://www.InsuranceFreeTip.info/insuran... ,You should find more useful suggetions and tips for your question.Good Luck for you.



Reply:idk