Can I change the owner name on a car insurance policy?

I recently bought a new car and sold my old one to my wife for $1 to officially transfer the title to her. The insurance rate I got on it was very reasonable, and I'd obviously like her to be able to keep it, if possible—so can I change the owner's name from my name to my wife's on my old car's insurance policy?

Answer
“Congratulations on the new purchase! That’s definitely a way to think outside the box—but unfortunately, you can’t simply change the owner name on your car insurance policy.
Car insurance rates are highly personalized and are based on how much of a risk someone will be to insure. There are several aspects that affect your wife’s rate, including:
  • Age
  • Driving history
  • Credit history
These factors can drastically change her rate compared to yours—which means you’ll need to cancel your old policy and get a new one for your wife.
When you get a new policy, make sure to shop car insurance quotes online to get the best rate possible. One of the easiest ways to do this is with Jerry—we’ll get you multiple customized quotes from top-of-the-line providers instantly so that you can make sure you’re getting the best price on the coverage you need.
Enjoy your new car, and good luck on getting the new policy!”
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Eric Schad
Answered on Sep 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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