How to Check If the Compulsory Traffic Insurance of a Used Car Has Expired?
1 Answers
To check if the compulsory traffic insurance of a used car has expired, the original policyholder of the vehicle should accompany you with documents such as ID card, vehicle license, and the compulsory traffic insurance policy to the underwriting company for inquiry. At the same time, the transfer procedures for the compulsory traffic insurance should be completed. Below are some considerations regarding compulsory traffic insurance for used cars: 1. Amount for compulsory traffic insurance of a used car: The amount to be paid for the compulsory traffic insurance of a used car is not affected by the previous owner. According to relevant regulations, the premium for compulsory traffic insurance can be adjusted up or down based on whether the motor vehicle was involved in any at-fault traffic accidents in the previous year during the first renewal. 2. Situation where the original owner had traffic accidents: If the original owner was involved in at-fault traffic accidents in the previous year, it will not 'affect' the premium of the compulsory traffic insurance after the transfer. According to the regulations of the China Insurance Regulatory Commission, during the insurance period, if the motor vehicle is transferred and the compulsory traffic insurance contract change procedures are completed, the accident records of the previous owner will not affect the next owner during the renewal in the following year.
