Can I still get insurance on my car if the previous owner still has it insured?

Yes, you should get insurance on your vehicle immediately; the previous owner's existing policy will not affect the insurability of the car. The previous insurance on the vehicle does not apply to you, especially once the vehicle is handed over and sold.

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If a car has full coverage under someone else's name, can I open another policy on that car under my name?

The simplest solution would be to request that the owner add you to the existing policy. Insuring the vehicle on two separate polices violates the insurance contract of the owner's policy.
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