Is the original car insurance still valid after buying a used car?
2 Answers
After the transfer of a used car, the original owner's insurance can continue to be used, but the insurance needs to be transferred. There are two ways to handle the transfer of insurance for a used car: 1. The original owner cancels the insurance: The original owner can cancel the insurance, and the unused portion of the premium will be refunded to the policyholder according to the insurance algorithm. After cancellation, the new owner can choose an insurance company. Cancellation requires the insurance policy and the original owner's ID, while new insurance requires the vehicle registration certificate and the used car transfer certificate. 2. Transfer to the new owner: Transfer the existing insurance to the new owner (requires the vehicle registration certificate, vehicle license, used car invoice, and the original IDs of both the buyer and seller). Generally, the insurance transfer must be processed at the original insurance purchase location. After completing the transfer procedures at the vehicle management office, it is necessary to go to the insurance company to change the insurance. Otherwise, in the event of an accident, it will be impossible to file a normal claim. Bring the new vehicle license, the IDs of both owners, and the original insurance policy.
When buying a used car, the original insurance may not be valid. The insurance is tied to the previous owner and becomes invalid upon transfer of ownership. I learned from an experienced car owner that you should contact the insurance company immediately after purchasing a used car to transfer the insurance. Otherwise, driving without insurance could mean paying out of pocket for any accidents and facing fines from traffic police. Compulsory traffic insurance must be repurchased, and commercial insurance cannot be renewed under the original policy number. For safety, it's best for the new owner to buy new insurance on the same day—don't try to save money and end up with big trouble. Remember, the car is yours, but the insurance doesn't automatically follow. Many beginners have fallen into this trap, and I've reminded plenty of friends not to be lazy about it.
