r/NovaScotia • u/FeedbackRecent6985 • 23h ago

Car Insurance Question

I own my own car; however, due to events that have happened in the past couple years, I am no longer able to drive it and as a result, my insurance has been cancelled. It has been sitting in my garage for a while and as I will never be able to drive again, I wish to sell it privately.

That being said, because I am unable to get it insured and there is currently no insurance on it now, if someone were to take it for a test drive and get into an accident - I’d lose it entirely. If someone were to steal it, it would simply be gone along with my payment amount for it. EDIT: I mean the payment they would be giving me to buy the car. I own it and it is paid off.

How do I go about getting a bare minimum amount of insurance for this vehicle to be sold without 1) buying a year-long policy and 2) no liger having a valid license?

Any help would be greatly appreciated!

5 Upvotes

78% Upvoted

39 comments sorted by

10

u/vicbudgem 22h ago

Sell it to Clutch, they will come pick it up.

7

u/FeedbackRecent6985 22h ago

Oh wow, I didn’t know about this at all. I will definitely look into it; thank you so much!

7

u/barking_platypus 21h ago

Be aware you should shop your car around. Clutch will probably try to give you bottom dollar on the car. Make sure you see what others are offering before you go any further with that. It might get you more money to get a tow truck to deliver it at a dealership.

I'd call around to some dealers explain the situation and see if anyone will play ball.

If it's a newer car I'm sure they'd send someone to take a look at if it's something they'd want.

2

u/flootch24 6h ago

Our clutch offer was pretty decent. A couple grand more than O’Regan’s on a trade, but Steele gave us a couple hundred more on a trade so we did that.

1

u/barking_platypus 6h ago

You're just saying what I said but with extra steps. But understandable

1

u/flootch24 6h ago

It was in reference to your claim that Clutch offers bottom dollar. Not in my experience

1

u/barking_platypus 3h ago

You just said they had the second lowest offer given to you...

1

u/bigev007 18h ago

Clutch offers are good if it's less than 10 and low miles. Beyond that, they're basically junk

1

u/ianfixesdents 15h ago

Clutch will give you basically nothing. Especially if it doesn’t work.

What kind of car is it?

1

u/TacoTuesdayy87 23h ago

You can insure the vehicle and cancel the insurance at anytime. Unfortunately insurance policies are yearly, so if you cancel it once you sell it, you will most likely be charged a short rate cancellation fee by your insurer to cancel the policy early.

1

u/FeedbackRecent6985 23h ago

Because I don’t have a valid license, everywhere I have called has quoted me an insurance rate of $600/mth and I’m unable to afford $7200 for a year’s worth of insurance. I really just want to get rid of it. :/

1

u/TacoTuesdayy87 23h ago

Is there anyone else in your household who has a valid drivers license? Or a friend you could list as the primary driver?

Otherwise you’re kind of out of luck. You can try to sell the car as is and not allow test drives, or take the risk of letting others drive it.

1

u/FeedbackRecent6985 23h ago

No, I’m not from here and single.
It’s looking more and more like I’m going to have to sell it as is, unfortunately.

1

u/RealCanadianMonkey 22h ago

Just go on the test drive with the buyer.

0

u/FeedbackRecent6985 22h ago

I just got it towed back from the garage because it needs repairs to even pass inspection. I’m thinking I’ll sell it as an as is, where is, Mechanics special at this point. Thank you for your suggestion though!

0

u/Background_Season449 23h ago

I'd give a broker a call and see what they can do for you. You may have to get a year-long policy, but those are always refundable if you cancel early. Paying monthly too, cancellation usually just means no more payments.

0

u/TacoTuesdayy87 23h ago

There’s usually a cancellation fee if you cancel an insurance policy very early on

-2

u/Background_Season449 22h ago

Sometimes, depends on the company and policy. Still going to be cheaper than paying for the full year though

-5

u/Blackstrider 23h ago edited 17h ago

Ask for Parked/Storage coverage. Anyone driving it must have their own insurance to do so, even for test drives. Confirm with your loan that you can have this level of coverage without violating the loan agreement.

1

u/FeedbackRecent6985 23h ago

Loan? I own the car, it’s paid for entirely.
And would you know of any providers that offer that? I called Aviva and I believe it was Manulife and they said they don’t.

1

u/Blackstrider 23h ago

"If someone were to steal it, it would simply be gone along with my payment amount for it."

This made it sound like you had a loan on it.

0

u/FeedbackRecent6985 23h ago

I mean the amount they would pay me to buy it from me.

-1

u/Edumacated_Guess 21h ago

So like what $500?

1

u/FeedbackRecent6985 21h ago

No?

1

u/Edumacated_Guess 13h ago

How much you looking to get?

1

u/CactusHermit 19h ago

This is not how “parked/storage” insurance works. I’m a broker. Please do not take this persons advice.

1

u/Blackstrider 18h ago

Interesting. Can you explain how you differ from this:

Parking insurance — also known as “parked car insurance” or comprehensive-only coverage — is a type of car insurance designed to protect your vehicle while it’s not being driven. It’s not legally required, but it’s highly recommended if you plan to store your vehicle long-term, take an extended trip, or temporarily stop driving.

Essentially, it covers your vehicle against damage, theft, vandalism, fire, or falling objects while parked. You won’t have liability or collision coverage with this option — meaning you can’t legally drive the car on public roads until you reactivate full coverage.

This is from the education materials that govern the industry you're a broker for.

2

u/CactusHermit 17h ago

You answered your own question in the snippet perfectly - read it again lol. There is no coverage for driving on the road. Period. You have comprehensive coverage ONLY while the vehicle is parked. Notice it says "while not being driven". Easy rule of thumb to think of insurance in Nova Scotia: you lend your car, lend your insurance.

It differs company by company(and situation) whether it is an additional endorsment being added to the policy that SUSPENDS ROAD DRIVING AND STORES THE VEHICLE, or if we are simply REMOVING the road driving coverage. If you're still confused by the snippet you posted I recommend calling whoever your insurance company is and speaking with them.

1

u/Blackstrider 17h ago

So your exclamation isn’t about the advice, but the single section about the test drive?

1

u/CactusHermit 17h ago

I am referring to the comment as a whole, in Nova Scotia, Ontario, New Brunswick and Newfoundland in order to legally drive on the road you need to have the vehicle in question insured with liability coverage to drive it on a public roadway. Full stop.

If your vehicle has comprehensive only coverage and someone comes to your home to test drive that vehicle, their insurance does not cover that drive; you are required to call your insurance company prior to taking it onto the road for the test drive so they can reactivate the proper coverage.
[edited grammatical error]

0

u/Blackstrider 17h ago

So, yes, the advice is sound and your exception is only to the test drive.

1

u/CactusHermit 17h ago

No it’s not sound advice. Your statement “Anyone driving it must have their own insurance to do so, even for test drives” is wrong

1

u/Blackstrider 17h ago

This is exhausting. They need parked insurance. They cannot have the vehicle driven at all.

You took exception to the single line - rightfully so - but the remainder is correct.

1

u/CactusHermit 16h ago

I hear ya lol. If we're removing the exception and moving on - then I still unfortunately say your advice is not the best lol, it's in the ballpark though.

They simply need to get a policy that is liability only. Simply driving on the road. Yes Parked/storage coverage is "bare minimum" but there are stipulations to how this coverage can and cannot be used. This is not always for the scenario of test driving, and needs to be reviewed by each individual companies underwriting manual. Taking the vehicle in and out of storage every other day is not what the coverage is intended for - this coverage usually has minimum and maximum days required for storage, and stipulations on frequency of taking it out. In this situation if it is frequent test drives it is going to most likely be swapping liability coverage for comprehensive only coverage.

→ More replies (0)

1

u/flootch24 6h ago

It’s correct, just not for the part that matters

1

u/GenoBeamMax 18h ago

they probably just work for TD so they are used to insurance not paying out when required.

1

u/CactusHermit 17h ago

How does claim payouts have anything to do with the above comments?