How to Handle Insurance for a Used Car Transfer?

[MacAdeline]

Cancel the original vehicle insurance, then apply for a new vehicle insurance policy on the Changwang Auto Insurance platform. The original owner must bring the insurance policy and the vehicle transfer certificate to the original insurance company's sales outlet to complete the procedures. Otherwise, the original owner will bear the consequences.

[VanGabrielle]

When I used to sell used cars, transferring insurance required advance preparation. I had buyers check how much validity was left on the insurance policy, and contacted the insurer before the transfer to update policyholder information—they might adjust premiums after reassessing risk. After transfer, the new owner needed to immediately confirm the insurance status to avoid penalty gaps; meanwhile, compulsory traffic insurance had to remain valid, otherwise the car couldn’t be driven. Commercial policies like third-party liability coverage could be transferred to the new owner for continued use, but coverage details had to be verified. The whole process was best handled by professionals without delay—I made sure all paperwork was settled on transfer day to prevent future issues.

[LaHadley]

The key to handling used car transfer insurance lies in timely operations, notifying the insurance company of the change of ownership and reassessing the policy, which may result in a premium increase or decrease based on the new owner's profile. It is advisable to maintain continuous insurance coverage before and after the transfer to avoid fines during inspections. The new buyer can continue with the original insurance but must verify details such as driving history that may affect premiums. Additionally, handling commercial insurance and compulsory traffic insurance separately can save time, while ensuring safe driving to prevent accident risks.

[EliasLynn]

I emphasize that insurance must be seamlessly transferred during the used car ownership transfer to avoid penalties for driving uninsured due to negligence. Contact the insurance company promptly to update the policyholder for a quick, cost-effective, and hassle-free process. The key is ensuring continuous validity of compulsory traffic insurance to prevent risks, and the new owner must confirm coverage is in place post-transfer.