Can the new owner use the previous owner's car insurance?
2 Answers
The new owner can use it, but they need to provide last year's insurance policy, the new owner's vehicle license and ID card copies, and go to the designated insurance company for endorsement. Below is relevant information about car insurance: Components of car insurance: Car insurance generally consists of basic insurance and additional insurance. Basic insurance is further divided into vehicle damage insurance and third-party liability insurance. Insurance coverage details: Vehicle damage insurance covers losses to the insured vehicle itself; third-party liability insurance covers damages to targets outside the insured vehicle, such as people hit, public property, or other vehicles; passenger liability insurance covers personal and property losses of passengers in the insured vehicle; theft insurance covers compensation when the insured vehicle is stolen; no-deductible coverage ensures 100% compensation in case of an accident. Without no-deductible coverage, the policyholder bears 30% of the deductible for each accident.
When I first bought my car, I also wanted to save some money by using the previous owner's insurance for convenience, thinking that I could still drive as usual after the transfer. But then my experienced driver friend gave me a lesson: insurance follows the car owner, not the car. If the new owner doesn't get a new policy, in case of an accident on the road, the insurance company won't acknowledge it, and you'll have to pay out of pocket or even face legal trouble. Later, when I switched to new insurance, I checked the contract and confirmed that the vehicle's condition and the new owner's risk level must be reassessed. This reminded me that safety comes first—don't skimp on a few hundred bucks. On the day of the transfer, you should get quotes from insurance companies and finalize a new contract to avoid driving in fear.
