If you have more than one car, you can insure both with two different policies. And in some cases, that might make sense. For example, suppose you only plan to drive your second vehicle from time to time. In that case, it might be more cost-effective to buy a policy that allows you to pay by the mile than to add your second car to your current policy.
Learn about car insurance for everyday trips, and while there is no law that prohibits you from obtaining two car insurance policies in your name, there are few situations where it makes sense to do so. If both policies offer duplicate coverage, having two policies makes even less sense. Laura Berry has experience as a licensed producer selling life, health and property insurance for Allstate and State Farm. You may want to do this if, for example, another family member has their own car that you don't drive.
However, your child must have financial stability to obtain and pay for their own policy, says Aurea Colston, a licensed insurance agent for Acceptance Insurance in Sacramento, California. An advantage of buying separate auto insurance policies for two cars is that you can find a better deal depending on the model, features, or use of that vehicle. Insuring two cars costs more than insuring a single vehicle, but there are options such as discounts for multiple vehicles, usage-based policies, and special auto insurance that can help lower the cost. If it is necessary to file a claim on the vehicle, the insurance company of the driver involved in the claim will be the primary policy.
While most auto insurance companies offer standard coverage for everyday vehicles, some specialize in more specialized products, such as luxury vehicle protection. This means that you only pay one company for your car insurance and you don't have to worry about paying anyone else or worry about any complex paperwork. The main policy will pay the claims first, and the other insurance company, the franchise policy, will only make payments once the main policy has been exhausted. One way that two drivers can get separate car insurance policies for a vehicle is through liability car insurance for people who are not the owner's.
In addition, some airline laws and regulations do not allow duplication of coverage or two car insurance policies for two different cars. Coverage and other features vary between insurers, vary by state, and are not available in all states. If you file a claim with both insurers for the same accident and both companies pay you for the same damages, you are committing insurance fraud, which is illegal. He has spent many hours helping his customers understand the insurance market so that they can find the best auto, home and life insurance products for their circumstances.
This can happen when a person has two different types of car coverage with different companies and both companies reimburse them after a collision or theft. And for greater clarity, these could be laws or regulations that prevent an insurance company from doing this, or laws or regulations that prevent a person from obtaining insurance in this way.