Can a car be added on two insurance policies?

While no law prohibits you from buying two policies from two different companies, an insurer won't allow you to buy two policies for the same car. If you have a car accident, filing two claims with two different insurance providers constitutes insurance fraud, even with two car policies. Yes, you can have two cars with two different insurance companies. However, many providers recommend covering all your vehicles with the same insurance company to receive a discount for multiple vehicles.

However, you may need two cars with two different insurance companies if you have extenuating circumstances. 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 more about car insurance for everyday trips, and there's no need to place two car insurance policies on the same vehicle. Here's what you need to know about several policies. You may think that car insurance is complicated by the number of vehicles and drivers you need to insure.

If your insurance company refuses to insure a high-risk driver in your home, or if you find cheaper rates for the driver at a second company, you can keep a separate policy for them. However, filing two claims for the same damage to both insurance companies could constitute insurance fraud, which is illegal. While most people have coverage under the same policy, since many insurers offer discounts and cheaper insurance coverage for a second car, you may decide to purchase completely separate policies for each vehicle you own. You may need to seek coverage from two different providers if you have a classic or exotic car that needs its own specialized insurance.

The price you'll pay to buy insurance for a second car depends on several factors, such as where you live, the type of car you have, your driving history, the types of car insurance coverage you buy, and more. This information may be different from what you see when you visit the website of an insurance provider, insurance agency, or insurance company. Before doing this, you may want to check with your state's insurance department or insurance provider. An insurance company may also try to recover the money from their other insurer during the behind-the-scenes claim process, which could delay your payment.

If you recently purchased a new vehicle from a dealer, the dealer may have offered you temporary coverage to protect you during the time between receiving the keys and getting the car insurance. Many insurance companies offer insurance discounts for multiple vehicles, which can help you save money on your car insurance premium. Buying insurance for a second car generally doesn't cost as much as buying a policy for the first, thanks to multi-vehicle discounts, special auto insurance policies, and usage-based auto insurance options. Before trying to get two car insurance policies for any reason, make sure that both companies allow it.

So, while it's possible for two people to insure the same vehicle through different companies, it can be difficult to find insurance companies that allow it. 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 reduce the cost. You can also have two cars with two different insurance companies if you're just married or divorced.

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