Is it possible to transfer my insurance to the buyer of my vehicle?

Yes, it is possible to transfer your motor vehicle insurance policy. To do so, you will have to inform the insurance company in writing. They will ask you to fill in a fresh proposal form and charge some fee to carry out the transfer process. The transfer of the vehicle insurance also carries forward the no-claim bonus from the date of transfer to the policy expiry date. However, the transfer of policy must be carried out within 14 days of the transfer of vehicle registration, or else you won’t be able to make any claims.