insurance. Will they take away my car? I am financing my VW Passat and dont have money to pay for the auto insurance. Will they take away my car? somebody told me that the bank will use their insurance company (which is very expensive) and send me the bill..i didnt pay all my credit card bills for 2 months and i am receiving calls from collection agencies. I still make car payments..just want to know what will happen with insurance and for how long will I be able to drive my car if I will make payments for the car? Thank you very much!!!!!!!