Refinancing a car loan to transfer title

I moved somewhere where I no longer need to drive and can take public transportation everywhere so my partner predominately uses the car I finance which is under my name. Because it is under my name, I have to be on the car insurance which sucks because a couple years ago I had a registration and license suspension which raises monthly insurance almost $300 than if he was the only one insured. I would like to have the title transferred to him. I still owe $8000 on the car so to transfer the title it would need to be refinanced. BUT he has terrible credit and I have a score of 750. Is it worth it to refinance and co-sign the loan for him so that I can get my name off of the car and to save on monthly insurance or is this an extremely convoluted plan?