The addition of time controls to chess did not override the existing rules.
"Timeout vs. Insufficient Material" Confusion (Blitz 3:0)

The addition of time controls to chess did not override the existing rules.

The addition of time controls to chess did not override the existing rules.
The addition of time controls added rules, which are codified. ltr

Simply put, "losing on time" is not the most accurate way of saying the rule, but is most often the case and can be explained easily to people just learning the game.
"Can not win anymore because you ran out of time" is more accurate. If you "can not win," that means that a draw is still possible.
So, the way I think about it is "Player A can not win because they ran out of time, and Player B can not win because they will never be able to create a checkmate.* Therefore, since neither player can win, the result is a draw."
*Different organizations have different rules for this, largely dependent on whether helpmates are allowed or whether forced mating sequences are required.
Hello Chess.com, I was a bit confused when I played a blitz 3:0 game and won on time. It ended up giving me a draw because it stated "timeout vs. insufficient material" even though I clearly won on time. I was trying to reach 1200 rating but instead lost a point rather then getting the seven points that normally I'd get for flagging the opponent.
You need a minimal of one surviving pawn to be able to win on time with 'sufficient' material.
I can't remember if one surviving knight or one surviving bishop instead (versus Black's army of pieces in your game) is a draw on Chess.com or not. Under FIDE rules, it would be a win on time for White since technically checkmate positions are possible in that situation.

Hello Chess.com, I was a bit confused when I played a blitz 3:0 game and won on time. It ended up giving me a draw because it stated "timeout vs. insufficient material" even though I clearly won on time. I was trying to reach 1200 rating but instead lost a point rather then getting the seven points that normally I'd get for flagging the opponent.
You need a minimal of one surviving pawn to be able to win on time with 'sufficient' material.
I can't remember if one surviving knight or one surviving bishop instead (versus Black's army of pieces in your game) is a draw on Chess.com or not. Under FIDE rules, it would be a win on time for White since technically checkmate positions are possible in that situation.
Single bishop or single knight here, for the side with time, are insufficient; the site disregards the other player's material. For FIDE, it depends on the material the timed out player has, as well, since some material combinations can't have mates set up, especially in the case of a single bishop or single knight, when the other side only has K+Q.

Hello Chess.com, I was a bit confused when I played a blitz 3:0 game and won on time. It ended up giving me a draw because it stated "timeout vs. insufficient material" even though I clearly won on time. I was trying to reach 1200 rating but instead lost a point rather then getting the seven points that normally I'd get for flagging the opponent.
You need a minimal of one surviving pawn to be able to win on time with 'sufficient' material.
I can't remember if one surviving knight or one surviving bishop instead (versus Black's army of pieces in your game) is a draw on Chess.com or not. Under FIDE rules, it would be a win on time for White since technically checkmate positions are possible in that situation.
Single bishop or single knight here, for the side with time, are insufficient; the site disregards the other player's material. For FIDE, it depends on the material the timed out player has, as well, since some material combinations can't have mates set up, especially in the case of a single bishop or single knight, when the other side only has K+Q.
Very recently we added an exception where we do consider your opponent material. That is KNN vs K + anything.
If you have KNN and your opponnet has more than bare king, and side playing against KNN will lose on time. But if they have bare king they draw.

Very recently we added an exception where we do consider your opponent material. That is KNN vs K + anything.
If you have KNN and your opponnet has more than bare king, and side playing against KNN will lose on time. But if they have bare king they draw.
Do you have link to rules draw

Very recently we added an exception where we do consider your opponent material. That is KNN vs K + anything.
If you have KNN and your opponnet has more than bare king, and side playing against KNN will lose on time. But if they have bare king they draw.
Do you have link to rules draw
We are writing a new one; to be released soon.

From the FIDE handbook, section 6.9:
6.9Except where one of Articles 5.1.1, 5.1.2, 5.2.1, 5.2.2, 5.2.3 applies, if a player does not complete the prescribed number of moves in the allotted time, the game is lost by that player. However, the game is drawn if the position is such that the opponent cannot checkmate the player’s king by any possible series of legal moves.
Online chess, including chess.com doesn't exactly follow fide rules. Some of the rules of chess are impossible to program for and would require human intervention.
You don't have sufficient material to mate under any circumstances. If the opponent times out here, it's a draw. FIDE rules. Read them.