How to Transfer Insurance After a Used Car Ownership Transfer?

[JudeLee]

After a used car ownership transfer, the insurance transfer process depends on the specific situation. Here are the detailed steps for transferring insurance after a used car ownership transfer: 1. If the transferred vehicle has no existing insurance or the insurance has expired, the new owner should purchase insurance as needed. 2. Terminate the original owner's insurance contract and establish a new insurance policy under the new owner's name. 3. The actual insurance transfer. Both the buyer and seller must bring the original insurance documents to the insurance company to update the policyholder information. Note: Compulsory traffic insurance (CTPL) does not allow cancellation of the original owner's policy; only transfer procedures are permitted. A vehicle without CTPL cannot complete the ownership transfer process.