Question
I'm selling my vehicle. What do I do with my insurance?
Answer
When you sell a vehicle, you should remove your insurance from it. You can cancel it outright, or transfer it to your new vehicle. Take the following to your Autoplan broker:
- The licence plates off the vehicle (if you are cancelling the policy; not if you're going to transfer them to another vehicle)
- Photo identification
- The original Certificate of Insurance and Vehicle Licence.
Depending how much time is left in your insurance policy, you may be eligible for a refund on the remaining portion of it. If you are insuring a different vehicle, the credit can be applied to your new insurance costs. If you are cancelling your insurance, you may have to pay a cancellation fee.
