Banky team Reviewed editorial answerIf insurance is a condition of your car loan agreement and the policy has expired without renewal, you may have violated a condition protecting the bank's guarantee.
Contact the bank before the policy expires to find out the grace period and which insurance companies are accepted.
Don't leave your financed car without coverage while waiting for the bank to contact you; an accident during this period without insurance could result in a loss and a debt at the same time.