Should I Renew the Insurance If I'm About to Sell My Car and It's About to Expire?

[KendraAnn]

It depends on the actual situation. If the car will be sold soon, you can let the new owner purchase the insurance themselves. Compulsory traffic insurance must be purchased because it is legally required and mandatory, so it must be renewed before it expires. Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance." It is a mandatory liability insurance provided by the insurance company to compensate for personal injury, death, or property loss (excluding the driver and passengers of the insured vehicle) caused by the insured vehicle in a road traffic accident, within the liability limits. Commercial Insurance: Vehicle commercial insurance is a type of insurance that provides additional protection for private cars. It includes third-party liability insurance, theft insurance, passenger liability insurance, etc.