Got my license and car insurance is going to sky rocket (under 18), got some free quotes and it would be cheaper if i just got my own insurance... wondering if the above is possible.
2007-01-08 11:32:54 · 7 answers · asked by ktazmat 1 in Cars & Transportation ➔ Insurance & Registration
Yes it can be insured with two companies, however you have to read the contracts to determine what will happen if there is concurrent coverage and an accident occurs. Some policies allow for a pro-rata payment. However if you don't own the vehicle you cannot insure it under your name. There is no insurable interests. Other policies may not provide coverage under certain circumstances. So you really need to know what the policy contract states.
2007-01-08 12:54:44 · answer #1 · answered by Chris 5 · 0⤊ 1⤋
Yes it can. I am an insurance agent. Just remeber only one person can register the car, that person that registers the car is going to have the correct insurance. You might want to make sure you are on your parents policy or someone else's policy, after you are on someones policy for 6-months you get a discount for prior insurance. Any other questions let me know. and also if you change insurance companies you don't need to have the car insured on both policies, I know in NY all policies are effective at 12:01 AM. Also I know in NY that as long as you have plates out you have to keep the insurance. I know if you sell a car and keep the plates for a couple of days or weeks or months you need to keep the insurance on them.
2007-01-08 11:48:55 · answer #2 · answered by theiss2200 2 · 1⤊ 0⤋
not quite really basic. a million. in the journey that your own insurance helps you to force different automobiles this is going to really be a third party threat. which means once you've an coincidence in which it truly is deemed that you're at fault, your insurance will pay for the wear and tear to the third party's vehicle yet not the only (your ascertain's vehicle) you're utilizing. 2. if you're named on your mothers and fathers insurance or your mothers and fathers insurance is for any motive force assuming that their coverage is totally complete, you'd be coated by your mothers and fathers insurance. you should verify the guidelines do not assume any hing till you've it sparkling on your thoughts. If uncertain search for suggestion from along with your insurance organization and get your mothers and fathers to search for suggestion from with theirs. you may't locate the money for to take negative aspects. The declare I really ever drove the vehicle once isn't any excuse for not utilizing with insurance. The drink utilizing insurance consequences will very last for further or less ten years. (I communicate from uk and that i do not see usa being that a lot diverse ) i imagine that you in truth responded your own question and also you already know you may't try this that you recommend and that you're searching for a wise way out. I assure you that there is none except to cajole insurers to cover you
2016-12-02 00:44:23 · answer #3 · answered by schiavone 4 · 0⤊ 0⤋
Car insurance http://buycheapcarinsurancequotes2016.com/
2016-02-23 05:15:07 · answer #4 · answered by Eric 1 · 1⤊ 0⤋
No it is against the code of practice for insurers. Technically more then one insurer could underrate the potential loss, but each would share proportionally in the risk. Thus if 25 insurers insured the car, and a claim occurred they would each be liable to pay out 1/25th of the loss.
2007-01-08 11:42:21 · answer #5 · answered by Boston Bluefish 6 · 1⤊ 1⤋
yes you can. what do you think happens when you change companies but dont want a lapse in coverage. you have 2 policies at once. no problem. if you own the car it doesnt matter.
2007-01-08 11:41:39 · answer #6 · answered by Anonymous · 1⤊ 1⤋
No & No. You cannot insure one vehicle on more than one policy. There is a checking system in place that will check the VIN for duplication.
2007-01-08 11:37:30 · answer #7 · answered by psstoffagain 5 · 1⤊ 2⤋