When should I cancel my insurance on the car I'm selling?

When should I cancel my insurance on the car I'm selling?

James Bell (Publisher, Auto Reviewer) gives expert video advice on: When should I cancel my insurance on the car I'm selling?; How should I clean my car before selling it? and more...

When selling your car, after the person has paid you for the vehicle and they've taken the keys and driven off, you need to make sure you contact your insurance company or your agent right away and get that insurance cancelled. This is because that vehicle is now the responsibility of the new owner. If they drive it around the corner from your house and have an accident with it still licensed, registered and insured to you as the owner, then your insurance company is going to be responsible. So, make sure you cancel your insurance and alert your agent as soon as possible the vehicle is no longer your responsibility.