2006-11-07 02:55:13 · 34 answers · asked by katie 2 in Cars & Transportation ➔ Insurance & Registration
No you don"t
2006-11-07 06:30:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Other people have touched on this but I'll make it clear as I have seen people get screwed by this.....
.....AS SOON AS YOU GET RID OF A CAR CANCEL THE INSURACE!
If you don't and still possess the certificate of insurance, your insurance company is liable if that vehicle is involved in an accident.
It's a simple as that.
If some nutter buys your car and drives into a buss full of kids injuring them all the very next day, your insurance is liable.
Imagine an injury claim costing £1,000,000 on your own insurance policy.....how is that going to look when you come to take out a new policy.
I have seen so many claims in the last few years where people have been too lazy to cancel their insurance and we as an insurer have paid out thousands becuase of it.
Do it now.
2006-11-08 05:40:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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).
2006-11-07 03:10:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would recommend one to try this website where you can get quotes from different companies: http://insure-cheap.info/index.html?src=2YAat5ic8Ki
RE :Do i need to keep payinh insurance on a car i no longer own?
Follow 33 answers
2016-09-08 13:33:54 · answer #4 · answered by ? 6 · 0⤊ 0⤋
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.
2006-11-07 03:14:07 · answer #5 · answered by Val G 5 · 0⤊ 0⤋
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.
2006-11-07 10:10:35 · answer #6 · answered by Chris 5 · 0⤊ 0⤋
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.
2006-11-07 03:07:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋
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.
2006-11-07 02:59:41 · answer #8 · answered by Snuffy 4 · 1⤊ 0⤋
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.
2006-11-07 06:04:30 · answer #9 · answered by the Jamster 2 · 0⤊ 0⤋
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!
2006-11-07 03:04:37 · answer #10 · answered by cate 4 · 0⤊ 0⤋
no dude! there is no need to keep payinh insurance on a car.
2006-11-07 03:05:14 · answer #11 · answered by udit 1 · 0⤊ 0⤋