What’s car ownership transfer insurance in Saudi Arabia?
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Whether you’re buying a used car on Haraj or finally making the last payment on your bank-financed car, you might have heard the term car ownership transfer insurance and are wondering what it means.
Here’s what you need to know about insurance when you transfer ownership of a car in Saudi Arabia.
Car ownership transfer insurance explained
Don’t let the name confuse you — car ownership transfer insurance is just regular car insurance (either TPL or comprehensive). It’s only called that because it’s the kind of insurance you need before you can transfer ownership and make the car officially yours.
👀 What’s with the name?
In Saudi Arabia, insurance doesn’t transfer with the car. The new owner must buy new insurance. That’s where the term “ownership transfer insurance” comes from.
How to get insurance fast before you transfer the car ownership in KSA
1. get the car’s sequence number
You’ll find this 10-digit number in the bottom-right corner of the Istimara (vehicle registration card).
2. visit a comparison website & use the [ownership transfer] option
To find low price car insurance in Saudi Arabia in less time, use a comparison website like Tameeni, Bcare, or wakeel.
Fill in your details and look for [ownership transfer] option to get started.
3. compare between prices & coverages
When you compare car insurance options online, consider the WHOLE package.
If you’re happy with the price, check first if the offer has the stuff you care about. For example, if you want your own car repaired after an accident, check whether they mention “Own-damage”. Worried about car problems? Make sure it includes free roadside assistance.
4. pay for your car insurance online
Before you pay, make sure the insurance start date is correct so you don’t have to wait around!
5. start the service on Absher
With an active car insurance status on Najm, now is the time to make the car yours!
Here’s our guide on how to transfer vehicle ownership online in Saudi Arabia.
Which insurance is best for ownership transfer?
For car ownership transfer, you may only need to buy third-party car insurance. Unless you’re buying a used car on installments or if the car is worth a lot, it’s best to get comprehensive car insurance.
Comprehensive car insurance has many benefits over third-party car insurance. And if you buy it from comparison websites, you can get the best prices.
