Do i need to keep payinh insurance on a car i no longer own?

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too funny	I wouldn't. Talk to your ins. company and explain the situation. Was this answer helpful to you? Yes / No

spoontastic	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). Was this answer helpful to you? Yes / No

rebecca n	it depend weather you are still registered owner if you are then you have to pay insurance if your not then cancel it Was this answer helpful to you? Yes / No

Chris	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. Was this answer helpful to you? Yes / No

The Mechanic	Why would you , it is no longer your responsibility Was this answer helpful to you? Yes / No

2 good 2 miss	No.... phone up your insurance company and cancel the policy Was this answer helpful to you? Yes / No

pete h	No! Was this answer helpful to you? Yes / No

stewiegriffin4president	NO! Turn in your tags and call your insurance company to cancel the coverage! Was this answer helpful to you? Yes / No

wooleybooley	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. Was this answer helpful to you? Yes / No

the Jamster	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. Was this answer helpful to you? Yes / No

mo	No just phone or write to your insurance company and cancel the policy. Was this answer helpful to you? Yes / No

c.j.davies	No Was this answer helpful to you? Yes / No

lre1979	no what a stupid question Was this answer helpful to you? Yes / No

KOOL	no! if you no longer own it inform your insurance co. Was this answer helpful to you? Yes / No

Dan J	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. Was this answer helpful to you? Yes / No

udit	no dude! there is no need to keep payinh insurance on a car. Was this answer helpful to you? Yes / No

minili	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. Was this answer helpful to you? Yes / No

Val G	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. Was this answer helpful to you? Yes / No

ANDY C	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. Was this answer helpful to you? Yes / No

fairly smart	No... Was this answer helpful to you? Yes / No

Just a Q or 2	no Was this answer helpful to you? Yes / No

murphy51024	No, if you have sold the vehicle, it is the responsibility of the new owner to insure it Was this answer helpful to you? Yes / No

Dellydoo	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. Was this answer helpful to you? Yes / No

Jenny	No, you should cancel the insurance. Was this answer helpful to you? Yes / No

mmw	NO....why would you want to, it isn't your car anymore!!! Was this answer helpful to you? Yes / No

pup	dont be such a twat........if you no longer own the vehicle just phone up ur insurance company and cancel it .......duh Was this answer helpful to you? Yes / No

bahor_111	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. Was this answer helpful to you? Yes / No

Amy B	No, the minute you sold the car it was no longer your responsibility... Was this answer helpful to you? Yes / No

colin050659	No just cancel the policy and inform swansea that you have sold the car so any tickets do not come to you Was this answer helpful to you? Yes / No

psych_78	No! Was this answer helpful to you? Yes / No

Andy	No you don"t Was this answer helpful to you? Yes / No