Can I carry on continuation of car insurance if I sell my car?

Question

I am going to sell my car because it's old and breaking down. I will not be buying another car right away. I am concerned if I cancel my car insurance now that the next time I buy a car and try to insure it, my premiums will be high because I was uninsured for a period of time. Is there any way to keep my policy active, even though I'm selling my car? I'm in Ontario, Canada. Is there a workaround to this problem?

Answer 1

With State Farm insurnace I know you can sell a car and have the agent put the vehicle in Suspension mode, where you will have no premium.  When you buy a new car you can just add it on as a switch.

Answer 2

Why would you want to insure a car that you no longer own even if you could (you can't) ?    Going without a car and its insurance for a while has nothing to do with premiums.  Each car and driver is rated on it's own.  Simply wait til you get a new car and insure it

Answer 3

Only if you buy a bomb for $400.00 and keep it until you buy a better car. Once the car is gone you have NOTHING to insure....

Answer 4

Normally, you would insure a car if it is still in your possession with a current registration. It would not make sense to insure a car once you have sold it and is no longer your liability. It would be a waste of money for one and two, you no longer have the car registered in your name. Forgive me for sounding redundant.