Can you put two cars on two different insurance companies?

Question

If i have two cars, can i put one on Geico and one on state farm. I'm having very bad experience with State farm and i'm thinking of switching with one car at at time. Is it possible to have the two cars in my household on two different insurance company eventhough both cars are in my name?

Answer 1

Many companies will not allow this. Lets say you have a young driver in the household and you put yourself and the kid on the one policy and just yourself on the other policy. You are then able to rate yourself as primary driver on both policies. Or lets say one of the vehicles is leased and the leasing company requires high liability limits. You put one car on one policy with 100,000/300,000 liability and the owned vehicle you have 15,000/30,000 liability. These are both examples of insurance fraud and reasons that insurance companies require all or nothing.

Answer 2

I think you can but it will be MUCH cheaper to have them both on the same one since pretty much all insurance companies give a big discount on additional vehicles. It's not that hard to switch insurance companies, just take the plunge and switch both cars at once.

I have Mutual of Enumclaw through AAA and have no complaints, often it's worth becoming a member of AAA because you'll save more on your insurance than it costs for a membership.

I've never been with Geico or State Farm, all I know is to run far & fast from Progressive, they're horrible.

Answer 3

Yes,

Each car is an individual item and so it can be insured separately, just as your house can. However, if you have both cars under the same insurance then you can get a discount on the combined insurance. This is the same for your house.

I would tell Geico that you have insurance on your second car with State Farm and are having problems with them. They might be able to quote you a better rate for combined coverage. If you have an accident on your record (or any claim) under State Farm then that will affect the rate offered, but that is true if you went to any other car insurer. Disclosing this information to Geico could affect your current rates when you renew your car insurance, but if they found out about it and you did not disclose it to them then this is grounds for canceling your policy.

Either way talking with Geico is a good thing to do. Then look for a cheaper combined rate with them. If they don't want to give you a good rate then you can threaten to transfer to the new company when you insure your second car. You could cancel the Geico insurance at anytime, but if you got it through some sort of deal then you might have to pay a penalty.

Answer 4

Move both at the same time. It will be cheaper as many have already mentioned and one thing that no one ever thinks about is if you go out a buy a new vehicle it is automatically covered under your current insurance policy. Which company is going to cover your new vehicle? It will eventually be covered but not without a small mess.

Always keep all vehicles insured with the same company

Answer 5

Why make your life hell and have two cars on two separate policies?

Like another person answered, what if you hit one of your own cars? Now you get to deal with two different insurance companies, two different adjusters, and two different claims procedures. What if GEICO makes you take your car to a "preferred" body shop, but State Farm doesn't? Now you get to deal with two body shops as well.

If you think you are having a hard time with State Farm right now, imagine how they will treat you when they get to deal with another insurance company (GEICO) that also insures their client - meaning you! If I were a State Farm underwriter and saw a claim involving two insurance companies for the same client, I'd cancel you in a heartbeat.

Let's make this worse. Instead of you hitting your own car in your driveway, let's assume you hit me with the car insured by GEICO and I am severly injured. I will hire a good personal injury attorney to assist me. He or she will find out that you are also insured with State Farm. I guarantee you that I will also file a liability claim with State Farm - even though they didn't insure the car that hit me. There may or may not be coverage, but my attorney will do everything possible to "stack" the liability from the two policies and double my settlement. Now you can add two insurance attornies and two depositions to your "to do" list.

Bottom line - If State Farm is so awful, dump them now and move both cars to GEICO. That said, my 15 years in the insurance business tells me that your "bad experience" includes some key information you aren't sharing. The fact that you are trying to "hide" cars by insuring them with two separate companies tells me so.

Sorry to be so harsh, but do the right thing and insure both cars with one company.

Answer 6

It could turn out to be a dumb move. What happens if you are pulling into your driveway, and hit one car with the other? Don't laugh, it does happen! You will have a devil of a time with the claim. In insurance circles, by the way, there are a couple of companies that other companies are rumoured to have the most trouble dealing with. Obviously I cannot name them, but their initials contain the letters "state". Investigate moving both vehicles as a package if you are unsatisfied.

Answer 7

I call and find our if they can give you a deal on the two cars. They may be able to work something out for you.

Answer 8

Yes, but it will cost you more to do it that way, since you will lose any 2 car discount you might have.

Answer 9

You can have whatever cars on whichever policy you want. There is nothing preventing you from doing this at all!

Answer 10

Yes you can but why would you? Just move them both....it's less expensive to do so at the same time vs. one at a time.