Does the compulsory traffic insurance need to be transferred for a used car?

[Genesis]

Yes, it is required. If the compulsory traffic insurance purchased by the original owner follows the vehicle, it will be transferred to the new owner upon the vehicle's transfer. If the compulsory traffic insurance does not follow the vehicle, the owner will need to go to the insurance company to complete the transfer procedures for the vehicle insurance. The owner needs to prepare the vehicle's registration book, the new owner's driving license, copies of the new and old owners' ID cards, the invoice issued during the used car transaction, and the amendment application form provided by the insurance company to complete the transfer of the compulsory traffic insurance. Important Notes Once you purchase a used car, promptly complete the transfer procedures for the compulsory traffic insurance and other insurance policies. Otherwise, if an accident occurs, the beneficiary will still be the original owner, and the new owner will not be able to receive compensation. Compulsory Traffic Insurance for Vehicles: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses of victims (excluding vehicle occupants and the insured) within the liability limits in the event of a road traffic accident involving the insured vehicle. The premium is based on the nationally unified standard rates. However, the price of compulsory traffic insurance varies depending on the vehicle type, with the main influencing factor being the number of car seats. Compared to the more than 20 exemption clauses in commercial third-party liability insurance, the exemptions for compulsory traffic insurance cover losses caused by intentional actions of the victim, the insured's own property losses, related arbitration and litigation costs, and some indirect losses caused by accidents, offering much broader coverage. Moreover, regardless of whether the insured vehicle is at fault in an accident, compulsory traffic insurance will provide compensation within the liability limits, with no deductible or exemption clauses. Introduction to Electronic Insurance Policies An electronic insurance policy refers to a digital policy issued by an insurance company using digital signature software and enterprise digital certificates that comply with the PKI system, bearing the electronic signature of the insurance company. An insurance policy, abbreviated as a policy, is the formal written proof of the insurance contract between the insurer and the insured. The policy must fully record the rights, obligations, and responsibilities of both parties to the insurance contract. The content recorded in the policy serves as the basis for both parties to fulfill their obligations. The policy is proof of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources, eliminating the need to print insurance proof labels; Time-saving and convenient, not restricted by time or location, with information universally accessible online anytime, fast and easy; Can apply for reissuance or resending, no need to worry about losing it. If a paper version is needed offline, it can also be printed or mailed; Easy management, with electronic unification making it convenient for insurance companies and traffic police departments to manage the insurance information of each vehicle.

[VonCayden]

Last week, I just helped a friend with the transfer of compulsory traffic insurance for a used car. The first thing to do after buying a used car is to transfer the compulsory insurance—it's no trivial matter. If the policy is still under the original owner's name, it's completely unusable, and any accident claims would definitely be in vain. My friend went directly to the insurance company's counter with all the necessary documents and got it done in half an hour. Nowadays, some insurance companies' apps also allow online processing—just upload the new owner's ID card and vehicle license. Never listen to the seller if they say the policy can still be used without transfer; subsequent claim disputes can be particularly troublesome. I've seen cases where people ended up paying for repairs out of their own pockets because of this. After the transfer, make sure to check that the policy name and license plate number are correct—this is not an expense you can afford to skip.

[LaIan]

Absolutely must transfer the insurance! I learned this the hard way when I bought a used car last year. At the time, I thought since the compulsory traffic insurance hadn't expired, there was no rush to transfer it. But when I needed to file a claim for a minor scrape, the insurance company refused outright because the policy name didn't match the car owner's. I was dumbfounded on the spot! It took two weeks of hassle to get it sorted, and I had to pay over 800 yuan out of pocket for repairs. Nowadays, transferring insurance is very convenient—just bring your ID, vehicle registration (green book), and insurance policy to the insurance company with the buyer or seller, and the counter staff can update it in five minutes. Some cities also require an on-site vehicle inspection and photos. After transferring, I recommend saving a screenshot of the e-policy on your phone to show during annual inspections. Don't procrastinate on this—just two days ago, someone in my friend circle was asking about this exact issue.

[DylanDella]

Buddy, you're asking the right person—I just sold my old car. If the compulsory traffic insurance isn't transferred, the new owner can't use it at all. The process is super simple: the new owner needs to bring the vehicle registration certificate, their ID card, the old insurance policy, and the original owner (or have the original owner write a letter of authorization) to the insurance company's counter. It's free to change the name, but remember to have the counter print the endorsement and attach it to the policy. If you find it troublesome, you can now handle it online, but the original owner needs to cooperate with facial verification. Don't believe scalpers who claim they can handle the transfer for you—doing it yourself takes just 20 minutes. I've seen buyers who had to repurchase compulsory insurance because the original owner couldn't be contacted. It's safest to transfer the insurance before handing over the car payment.

[LeRachel]

Legally, the transfer of compulsory traffic insurance is mandatory. While compulsory insurance follows the vehicle rather than the owner, the "Regulations on Compulsory Traffic Accident Liability Insurance for Motor Vehicles" clearly stipulate that insurance modification procedures must be completed upon vehicle transfer. Last month when I went to the DMV for license plate registration, the staff specifically checked the name on the insurance policy. The process requires copies of both the old and new owner's ID cards, the vehicle registration certificate, transfer invoice, and the original insurance policy, followed by filling out an endorsement application at the insurance company's counter. Key reminder: If the policy has expired, it must be repurchased under the new owner's name; an untransferred policy will also complicate annual inspections, as mismatched information in the DMV system may cause unnecessary trips. After the transfer, ensure the insurance policy name matches the new vehicle registration certificate to avoid self-inflicted complications in case of an incident.

[Brody]

I see this kind of mess in the repair shop every day. Last week, a car owner drove a car without transferred insurance to the annual inspection, and the window directly sent him back. Compulsory traffic insurance without transfer is invalid, and you can't even get the annual inspection sticker. New owners should ideally have the seller cooperate to complete the transfer before paying the final payment. It's even more troublesome if the original owner's policy has unresolved violations. Actually, the process is quick: go to the insurance company to fill out an endorsement application, change the insured to your name in the system, and reprint the endorsement. Some cities require a new vehicle license, so it's recommended to check the electronic policy information on 12123 after the transfer. Don't skip these steps—if something really happens without insurance, it'll be too late to regret.