0
You must notify your insurance company that you sold the car and have it removed from the policy.
If you don't then your insurance is still liable if the purchaser is involved in an accident and they may collect the losses from you because you failed to have them remove the car from the policy!
Wiki User
∙ 8y ago
Wiki User
∙ 8y agoThe prior answer is essentially correct. However, keep in mind that the premium may change based upon the risk factors involved with the replacement vehicle. These include make, model, age, etc. Also, if you decide to add or delete an element of coverage, such as collision or comprehensive, the premium may change.
Wiki User
∙ 8y agoYou transfer the insurance to a new car that you purchased or cancel it if you have no car.
Add your answer:
Earn +20 pts
What happens to a totaled car after the insurance co pays you for it?
Some insurance companies will sell the car back to the owner. Others sell the totaled car to a salvage yard.
What happens if you get a ticket for no insurance and suspended plate and you sell your car?
That depends upon your state laws.
What happens if you have no insurance and you totaled your car?
you will have to pay a debt and GET CAR INSURANCE
If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?
It belongs to the insurance company
What happens to your registration if your car insurance is cancelled?
maybe if you use your car to travel, and then the insurance is cancelled they arrest the owner of the car.......
Does New Jersey sell car insurance for women drivers?
Yes, New Jersey does sell car insurance for women drivers. The best bet would be to get quotes from several agents from State Farm Insurance and Geico Insurance.
If you sell your car should you continue paying insurance until you get another car?
no
What happens if you don't have insurance and you get into a car accident driving your friends car she has insurance?
As long as she has the correct insurance that allows the car to lent to a friend then it should cover you.
What happens if you were driving a car with no car insurance?
nothing, unless you get caught :-)
What happens to your car if you drive with expired registration and no car insurance?
You get arrested
What happens to your car insurance when you sell your car?
When you plan to sell your car you should notify your insurance company of the pending sale. It will provide you with instructions on how to transfer title properly, surrender the plates and cancel the insurance if you aren't transferring the coverage to a new car. Generally, the insurance company won't cancel the insurance until the plates are turned in or transferred to another vehicle through the RMV. That means the company will continue to bill you until the transaction is properly completed.If the insurance was paid for and the policy is cancelled during the coverage year the company will issue a refund based on their own calculations.
What happens if you are in a car accident your insurance ran out two weeks ago and your not the primary insurance policy holder on the car?
The driver of the at-fault car is responsible for paying for the damage they cause to others in an auto accident. Having insurance transfers this risk from the driver to the insurance company. If you are found at-fault and do not have insurance you will be responsible for paying out of your own pocket for the damage you caused. If you do not have the money in the bank, or the assets to sell, be prepared to have future wages garnished. If this happens you may want to consult a bankruptcy attorney.
