Does Insurance Need to Be Transferred When Transferring Car Ownership?
3 Answers
After transferring car ownership, the insurance also needs to be transferred. Below are the required documents for transferring ownership when purchasing a used car: 1. Seller's Identification Documents: Original and photocopy of the seller's personal ID card. 2. Buyer's Identification Documents: Original and photocopy of the buyer's personal ID card. 3. Vehicle Documents: Original and photocopy of the vehicle's motor vehicle registration certificate. 4. Driving Documents: Original and photocopy of the vehicle's driving license. Below is additional information about the vehicle ownership transfer process: 1. Fill Out the Contract: Obtain the Motor Vehicle Sales Contract at the service window and fill it out. 2. Vehicle Inspection: Drive the vehicle directly to the transfer inspection area for inspection, photography, stamping, and license plate removal. Fill out the inspection record form. 3. Complete Procedures: After all processes are completed, drive the car back to the parking lot, then proceed to the transfer hall to complete the procedures. 4. Pay Fees: Return to the transfer hall, take a number, queue up, and wait for your turn. After the staff confirms the vehicle has no violations, the transfer process begins, and the transfer fee must be paid. 5. Complete Related Procedures: After payment, proceed to the transfer processing window to complete the relevant procedures. 6. Transfer Completed: After completing the transfer process, you can select a new license plate and receive the new plates, driving license, and registration certificate, marking the completion of the transfer.
When transferring car ownership, the insurance must also be transferred—this is mandatory. The insurance company only recognizes the original owner, so once the sale is completed, your insurance becomes invalid, and the new owner needs to apply for a new one. I remember the last time I sold a car, I was in a hurry to hand over the keys and forgot to notify the insurance company. As a result, the new owner was pulled over by the police, fined hundreds of dollars, and had points deducted. The process is simple: the previous owner contacts the insurance company to cancel the policy, and the new owner arranges new insurance on the day of purchase, bringing the transfer documents. Don’t delay—otherwise, if the new owner drives without insurance, it’s not only illegal but also means the insurance company won’t cover any accidents, leading to losses far beyond just repair costs.
Yes, the insurance needs to be transferred, no room for negotiation. I've been through a car sale before, and the original insurance became void after the transfer. The new owner must purchase a new policy. The process is straightforward: the seller calls the insurance company to terminate the contract, and the buyer immediately contacts the insurer to set up a new policy, just by providing proof of transaction and the license plate number. It's best to get it done on the same day to avoid trouble. I once tried to save effort by not notifying them in time, and the buyer got pulled over by traffic police, resulting in a fine and a warning—a real headache. Also, the new premium might change; for example, younger buyers might pay more. In short, don’t be lazy like I was. Transferring insurance is a basic responsibility.
