Cancel car insurance?

[123ABC]

The credit union is going to be repossessing my car at some point here. I did not reaffirm the loan, which is the reason the CU wants it. I have already purchased a new car and have left this one sitting in my driveway with the key in it. I have removed the plates because I am going to transfer these to my new vehicle.

When can I cancel the insurance? Right now I have not transferred the insurance to my new car because I just got it at the end of last week but I need to do that tomorrow. The old car has no plates. Am I still responsible? since I didnt reaffirm the loan does it really matter if something happens?

[WaitNSee]

[ToughTimes]

I requested and our attorney provided a name and number of someone we could call to arrange to surrender the vehicle. And that contact told us we could take it to any WF bank, which we did, carefully noting names, etc.

Attorney said to send follow up letter certified to lender stating what we'd done. (Surrendered vehicle to this person, at this place, on this date.)

[LSUTiger32]

Be careful, some states (like mine -- Louisiana) require you to turn in the license plate before cancelling the insurace. If not, they will put a flag on your drivers license and make life miserable for you. I went in an turned the plate in and they gave me a receipt to confirm that I did so. Took a minute, tops.

[aces67]

Our attorney said not to remove the insurance until the car was picked up the repo man.

[Flamingo]

Our state, as many, require the license plate to be turned in before any insurance on the vehicle is cancelled. You will need to check with your motor vehilcle division as to your state's requirements and also with your insurance carrier. You may not be able to transfer those tags to another vehicle under those circumstances.