that’s forced onto your loan when you let your original policy lapse.
Maybe you didn’t make insurance payments or forgot to renew your policy. Regardless, you don’t have car insurance. So, to protect their collateral, the lender puts this insurance on your car and charges you for it.
In some cases, you can get this charge removed if you show proof of insurance. Other times, you won’t be able to, as the insurance has already been purchased.
Your next move is to call your lender to explain the situation and see what can be done.
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.