Understand Insurance Transfer Procedure While Purchasing a Second Hand Car

Due to increased vehicle pricing, many people are less adamant about buying a used car. These subsequent automobile owners might spend their money on used vehicles instead.

Purchasing a used car comes with several advantages as well as challenges. In truth, when buying a used car, many consumers tend to ignore other ancillary criteria.

Inspections: Carefully examine the vehicle for damage, as well as all of the supporting documentation.

The registration certificate: This record will assist in establishing ownership of the vehicle after purchase.

NCB: Remember that the No Claim Bonus is given to the policyholder, not the automobile. Thus it cannot be transferred to the new owner of the vehicle.

Transferring insurance information after purchasing a used automobile

Ensure your secondhand car is covered against damage after purchasing a used car. You can choose between a specific third-party car insurance policy and a comprehensive car insurance policy. The insurance must be changed from the prior owner’s name to the new owner’s. Auto insurance firms thoroughly inspect the used car. Read more about four-wheeler insurance.

Things to remember:

Original registration certificate: To transfer ownership of a vehicle into one’s name, one must first present the registration certificate, Form 29 and Form 30, all of which must be signed by the prior owner.

It is also advisable to obtain a copy of the most current auto insurance policy in the previous owner’s name. Be informed about car insurance prices beforehand.

NOC: The new owner must also vouch for the seller’s adherence to the transaction. Thus, a No Objection Certificate from the former policyholder is required.

Application form: The insurance company will release a new form, which must be completed.

The previous auto insurance policy’s NCB advantages will only apply to the new car owner if the NCB discount is given to the person, not the vehicle.

Identity proof: Additional identification requirements include the buyer’s passport-size photo and address verification.

Why switch your auto insurance?

When an unfortunate event involving the covered vehicle occurs, automobile insurance provides a safety net to assist the policyholder. In the sale and purchase of a used car, both the prior owner and the new owner are equally liable for the vehicle’s insurance.

According to the legislation, the insurance transfer must happen within 14 days of the used car’s acquisition. If the policy has yet to be transferred before the end of the 14th day and the new owner needs to file a claim for damages, they are ineligible to do so. Learn more from the car insurance premium calculator.


In addition to transferring the vehicle insurance policy for a used automobile into your name, you could look for further possibilities online from various car insurance companies.


  1. Is it possible to transfer insurance to the car buyer?

Insurance is one of the more important documents that can be transferred from the former owner to the new one. Developing a new registration certificate is the first step in the insurance transfer process, which is carried out according to protocol.

  1. What procedures do I need to follow when purchasing a secondhand car?

To apply for a transfer of RC at the RTO, provide a copy of the old RC.

  • Obtaining a copy of the old policy.
  • Getting a certificate of non-objection from the prior owner.
  • Applying one’s preferred insurance provider.
  • No Claim Bonuses are transferred to the new owner’s name.
  • Identity evidence utilising passport-size pictures and address verification.
  • The report on inspection that the insurance provider provided.
  • Making a little donation.
  1. What steps must be taken to transfer auto insurance?

The paperwork required to transfer auto insurance is the same as moving insurance when purchasing a used car.

‘Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.’

*-Standard T&C apply.

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