What Happens To My Insurance When I Sell My Car?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    If you purchased another car just call your agent and have the insurance transferred to the new car.  Otherwise if you sold your car and are not planning on driving, then cancel the insurance.  The insurance company will return any unused premium.  Obviously you cannot insure a car that you no longer have.  If you are planning on driving you need to talk to your agent about getting liability coverage or in many states you will lose your license for driving without insurance, even though you do not own a car.  Liability protects you from law suit in the event of an accident and has very little to do with vehicle ownership.
    Answered on June 19, 2013
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