Can Mortgaged Vehicles Not Be Insured in 2021?

[SophieRose]

Mortgaged vehicles cannot be insured in 2021. Since mortgaged vehicles cannot be transferred and lack the original owner's ID card, they cannot undergo vehicle inspection. Currently, auto insurance requires real-name registration, making it impossible to insure mortgaged vehicles. Alternatively, you may contact the owner or related personnel for payment, which requires dual recording. Below is supplementary information on the 2021 regulations for mortgaged vehicles: 1. A mortgaged vehicle is one that has already undergone mortgage registration and cannot be transferred. 2. Buying or selling mortgaged vehicles is not illegal. However, if the mortgage is not released and the related debt is not repaid on time, the creditor can apply to auction the vehicle to repay the debt. 3. For a legal mortgaged vehicle transaction, both or all three parties should register the mortgage at the local vehicle management office.