Do we need to carry car insurance for our 2nd car if we have full insurance on our first?

Question

Someone once told me that we do not have to carry insurance for our 2nd car if we have full coverage on our first car. All of our cars are fully paid off and we are not worried about the cost of damage to them if an accident should occur. We just want to know if we would be covered and to make sure we are not overly paying for insurance for a 2nd vehicle if we really do not need it. Our insurance agent said two things, which did not make sense. It just seems like he wants to have us covered for a rain drop falling on our head and more $ in his pocket.

Thanks for your advice! We appreciate it! :)

Answer 1

Whoever told you that was a total idiot! EVERY vehicle needs to have at least public liability coverage on it.

Other coverage such as collision or comprehensive is up to you.

I would highly recommend Uninsured Motorist as well as Underinsured Motorist coverage as well. They're mandatory in a few states but it's cheap and will protect you against hit-and-run drivers as well as any fool without insurance -- such as the moron that told you that you don't need insurance on your 2nd vehicle.

Answer 2

well as you can see, the answer is yes. having insurance isn't just for you, it covers other people you may injure and their property that you may damage in an accident. if the cars are paid off, and you're not worried about collision costs, then carry the minimum required insurance for your state on each vehicle. you might be able to do this at the same cost as fully insuring one. but yes, you need to insure each vehicle.

Answer 3

Even if both are fully paid for, you will still want, and be required by law, to carry liability on both individually. That will take care of any damage or injuries you may cause someone else. You may be able to get a group rate or a multi car discount, but each one will have to be insured.

Answer 4

Yes, you do need to have each car insured. My fiance and I have 3 cars under one policy (2 fully insured and the 3rd only liability because it's a '76) You would be eligible for a multiple car discount.

Answer 5

Depending on which state you live in a may not be a requirement to carry insurance. Although you may want to. Mostly because you would get a multi veh discount thru your insurance. In most cases around 20%. Which would lower your premium on full coverage veh. I would recommend at least liability, and comp with a 500 ded on comp.

Answer 6

You must have insurance for every vehicle that you drive. At least liability coverage that is. Ask another agent if you want to make sure.

Answer 7

You have to all of your vheicle that are being driven at least for liability coverage. If you don't have a lien holder on either vehicle then you don't have to buy any coverage that is optional that you don't want. What that someone told you before is really not right/doesn't make any sense.

Answer 8

Only if you plan to drive it, or park it on public roads. Of course you have to have insurance on each and every car. As others have said, you will get a multi car discount, so it won't cost you twice as much to do two instead of one.

Answer 9

if you are going to drive a car on the road you have to have insurance on every vehicle that is being driven.

Answer 10

if you legally need to carry insurance on your vehicle in order to drive it than yes. you do you need insurance on all the vehicles you own/drive.