Do i need to keep payinh insurance on a car i no longer own?
Answers:
No you don"t
No.. phone up your insurance company and cancel the policy
No, the minute you sold the car it was no longer your responsibility.
I wouldn't. Talk to your ins. company and explain the situation.
No, if you have sold the vehicle, it is the responsibility of the new owner to insure it
NO..why would you want to, it isn't your car anymore!
no it should be swictched over to the person who bought the vehicle.
No, you should cancel the insurance.
No! Insurance is only there to protect the owner of the asset (and others, in the case of liability insurance). If you no longer own the asset, then you don't need insurance on it.
No!
No. once you sell the car on or scrap the vehicle, you should get in touch with your insurance company and cancel it. If you have swapped to another car, make an enquiry at the same time about insurance for that one.
no
No.
No just cancel the policy and inform swansea that you have sold the car so any tickets do not come to you
Absolutely not. You should demand a rebate from them if there is some time left from your last payment. If you continue paying you could be liable in case that vehicle is involved in an accident.
No, absolutely not.
Make sure the change of ownership is registered, you might be liable if the new driver breaks the law if the car is still registered in your name.
Tell the insurance company the date that ownership changed, dont just cancel it from today, you might get a refund!
no! if you no longer own it inform your insurance co.
no dude! there is no need to keep payinh insurance on a car.
No you don't, but if you plan on insuring another car a couple of months down the road you can pay a small fee to keep your policy open. If you don't when you go to get re-insured they will start you off as a NEW driver and gouge you for a ton of money.
dont be such a twat..if you no longer own the vehicle just phone up ur insurance company and cancel it .duh
No just phone or write to your insurance company and cancel the policy.
NO! Turn in your tags and call your insurance company to cancel the coverage!
No way! Its no longer your respnsibility to insure the vehicle, thats down to the new owner.
You only can insure the vehicle if you have an insurable interest in the vehiclle (ie you own it) and you no longer do.
Plus two people cannot legally ensure the same car, it goes against the MID (motor insurance database)
Get it cancelled or transfer the policy onto your new car if you have bought a new car. (you dont need to take out a new policy for a new car, your current company should cover your new car).
Not only do you not have to pay insurance for a car you no longer own, but you should apply to your insurers for a reimbursement of the amount they are due to pay back to you since you sold the car. All you do is ring them up and tell them the date and time you sold the car. From that time, your insurance should be cancelled. They usually add on a couple of weeks to get money out of you, but if your insurance was up to date, it isn't you who owes them, but them who (may) owe you. Especially if you still had over three months of the insurance policy left to run.
If your policy has run out and you have not informed them that you have sold the car, they will probably bombard you with papers and application forms to renew the policy. Ignore them. If the car is no longer yours, you are no longer responsible for its insurance or road tax payments.
Why would you , it is no longer your responsibility
If you got rid of it of your own free will then no. However if you don't have it any more because of a crash and the claim is on your insurance, you will have to pay for the rest of the year.
Insurance is only valid for the person and not the car. Although Insurance is based on the Vehicle it actually covers u as the driver. Once the car is sold then it is NOT your vehicle and therefore cannot be insured by yourself. One of the questions asked by insurance companies is.. Is the car registered to u? If its not yours anymore then you cannot answer yes to that question and therefore you cannot insure the car in your name anymore. PLEASE REMEMBER TO SEND YOUR V5 BACK TO THE DVLA IN SWANSEA.
No!
No. And not only that, but basically your insurance stopped applying to that car when you sold it, even if you kept it on the policy. If you don't own it, there is no insurable interest in the vehicle, and ownership transferred it the day you got the money and turned over the keys.
No
it depend weather you are still registered owner if you are then you have to pay insurance if your not then cancel it
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