Can I carry on continuation of car insurance if I sell my car?

April 16, 2017 · Posted in FAQ 
car insurance
Jules asked:

I am going to sell my car because it’s old and breaking down. I will not be buying another car right away. I am concerned if I cancel my car insurance now that the next time I buy a car and try to insure it, my premiums will be high because I was uninsured for a period of time. Is there any way to keep my policy active, even though I’m selling my car? I’m in Ontario, Canada. Is there a workaround to this problem?

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Comments

4 Responses to “Can I carry on continuation of car insurance if I sell my car?”

  1. Francis P on April 17th, 2009 6:42 pm

    Normally, you would insure a car if it is still in your possession with a current registration. It would not make sense to insure a car once you have sold it and is no longer your liability. It would be a waste of money for one and two, you no longer have the car registered in your name. Forgive me for sounding redundant.

  2. CwboyBill on April 19th, 2009 1:04 am

    Only if you buy a bomb for $400.00 and keep it until you buy a better car. Once the car is gone you have NOTHING to insure….

  3. entidtil on April 20th, 2009 5:35 am

    Why would you want to insure a car that you no longer own even if you could (you can’t) ? Going without a car and its insurance for a while has nothing to do with premiums. Each car and driver is rated on it’s own. Simply wait til you get a new car and insure it

  4. Matthew D on April 20th, 2009 7:11 am

    With State Farm insurnace I know you can sell a car and have the agent put the vehicle in Suspension mode, where you will have no premium. When you buy a new car you can just add it on as a switch.

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