How to Handle Insurance Transfer for Used Cars?

[JessicaRose]

The new owner should bring relevant documents to the original insurance company and fill out a vehicle transfer application form to smoothly complete the insurance transfer procedures. Write a cancellation application, and the insurance company will issue a cancellation endorsement based on the application. Then, collect the refundable premium from the insurance company's financial department.

[DiEthan]

When handling insurance transfer for used car ownership, I prefer to act before the transaction. Request a copy of the insurance policy from the original owner to confirm if compulsory traffic insurance is expired; if transferring coverage, contact the original insurer for transfer procedures, which may require ID and ownership transfer documents. As a buyer, if not transferring coverage, immediately find a new insurer—strongly recommend completing this on the same day to avoid risks. I also check the vehicle’s accident history, which affects premiums, and remind beginners not to skimp on this cost—insurance is crucial in case of accidents. Staying updated on policy terms benefits you in the long run.