How long should you keep insurance on a car that was repossessed?

IF you plan on getting it back, dont drop it. If you're NOT getting it back, drop ASAP. The lender has coverage.

Good answer.

If you can't afford to get the car back, drop the insurance. You should not have coverage on the vehicle that is not longer in your possession. Let the lender assume the responsibility. Why pay for something you don't have anymore?