Can i be insured as the main policy holder on two different cars with two different insurers?
Question by lollypop: Can i be insured as the main policy holder on two different cars with two different insurers?
Im 17, have been passed my test a month.
my cars playing up so i wanted to get insured on my bf’s car which he hasnt got insured yet (coz he hasnt passed his test yet)
He is also 17,
i want to get insured on his car aswell as my bf getting insured on it with a provisional license.
whats the cheapest way to do this?
is it cheaper for me to be the named driver on his car because i have a full license?
also would it make it cheaper adding an older driver or not really because the policy will already have two young drivers?
Best answer:
Answer by Jeremy
You can insure as many different cars as you want with different companies, or even the same company. But seeing as you and your boyfriend are both young, you can expect to pay quite a bit. However, if your boyfriend holds the title to his car, he’ll need to insure it. You can be named as a secondary driver on his car, but you can’t buy the policy.
Know better? Leave your own answer in the comments!
Tags: can u own 2 cars and be insured on both, Main Policy Holder, Two Different Insurers
You can’t insure a car you don’t own. I can’t insure your car, you can’t insure your boyfriend’s car. If you lie to the insurance company and say it’s yours, and there’s a claim, they don’t pay out.
There’s no “insurable interest”.
You need to sit down and talk to a local agent, but on each policy, the most expensive driver gets charged to the most expensive car. None of the “solutions” you are thinking about, will help.
Especially considering, the name on the policy has to match the name on the title of all the insured cars.
You cannot buy insurance on something you do not own on paper, they do this to minimize fraud. But you can be added to any policy as an additional driver.
Normally its cheaper to insure both cars on the same policy because some companies will give you a multi-car discount. The best thing is to call around and get a few quotes.
To keep things simple, there are 3 major components to auto insurance that makes up full coverage: liability, collision, comprehensive.
- Liability covers anything your car hits.
- Comprehensive & collision covers your own car when you are in an accident. Comprehensive covers your car when something happens to your car when it is not being driven (theft). Collision covers your car when you are driving it.
If the 2 cars you own are not that nice, one way to keep the premium down is to just buy Liability coverage.
How much coverage to buy? NEVER buy the state required minimum. Here’s why. In California the state required minimum are 15k/30k/5k. Other states might be different. The first 2 numbers related bodily damage. The third number is coverage for property damage.
What this means is that if there was an accident your insurance will pay up to $ 15k for bodily injury per person, no more than $ 30k total for that accident. So if 5 people got hurt and the total medical bill was $ 100,000, the most your policy will pay is $ 30,000 and you will be responsible for the rest. And if the car you happened to run into is a 2009 corvette, your policy will cover for damages up to $ 5,000 and you are responsible for anything additional. As you can see in this scenario, if this happens to you, you would loose everything you own. Depending on how much risk you can handle financially you might want to consider 100k/300k/100k limits.
Go to Progressive.com and plug in different numbers to get instant quotes. This will give you a good idea of what you are looking at paying.