How to Transfer Car Insurance of Second Hand Car

Car Insurance Transfer

Many of us while buying a second hand car often assume that the previous car owner must have had his car insured, so we don’t have to buy car insurance policy again. Moreover,

once the previous car owner would hand over the car keys and car insurance documents to you, the job of buying second hand car is done, however, this is not the case.

While buying the second hand car there are certain things to keep in mind. First thing is that driving car without car insurance in India is an offence and that applies to second hand cars too. So, you need to have car insurance papers with you.




Next important thing is that car insurance documents should be in your name and not in previous owner’s name and last thing to note is that the car insurance should be a valid one.

To transfer the existing car insurance policy in your name, you need to inform the car insurance company regarding the purchase of the car within fourteen days from purchase of the car. New owner or buyer can request for change of name in insurance certificate through application form. Other than application form and car insurance certificate, original registration certificate of the car is also required.

While doing so, the buyer should also know about the car insurance cover. Third party insurance is the basic car insurance cover which is the compulsion to buy, besides that, if you want a comprehensive plan, you can ask your insurer to upgrade the insurance policy at this moment.

Last thing but not the least, if you do not want to pay the high amount of premium the previous owner was paying for his car, you can opt for cheap car insurance. Or, while transferring the insurance policy in your name, you can ask your insurer to calculate the premium to be paid on the present value of the car in order to make the existing car insurance a cheaper one.