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 about car insurance for everyday trips, or if insurance companies discover that you have two policies for a single vehicle, both could refuse to pay a claim and insist that your other insurance company is responsible for the claim, leaving you paying nothing. In addition, insurance companies generally require that all licensed household members be included in one policy, so even with separate policies, each insurance provider is likely to require that other members of the household be included in the policies of the others. Whether people in a household decide to have separate or joint insurance policies, they will need to include as potential drivers anyone who lives in the house and has regular access to their vehicle as a potential driver in their insurance company. Two people in the same household can have two different car insurance policies, but it's often cheaper to have one car insurance policy per household.
Depending on the level of risk they present, some insurers will flatly refuse to insure high-risk drivers. Many insurance companies offer insurance discounts for multiple vehicles, which can help you save money on your car insurance premium. 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. It's not illegal to have two car insurance policies, so you don't have to worry about having legal problems from having two insurance policies.
If you recently purchased a new vehicle from a dealer, the dealer may have offered you temporary coverage to protect it during the time between receiving the keys and getting the car insurance. And if you have a classic car, a classic car insurance policy can offer specialized coverages that aren't available with standard car insurance. A multi-car discount is a type of auto insurance discount offered to someone who insures two or more cars with the same insurance policy. Some insurance companies have clauses in their contracts that only allow you to have one insurance policy for your vehicle, meaning that buying a second policy could violate your original insurance plan.
With Progressive's Snapshot program, your car insurance rate is based on your driving habits and how you drive. It's not illegal to have two car insurance policies, but filing a claim for the same accident with more than one insurance company is considered fraud. Filing a claim for the theft of a car with both insurance companies would be considered insurance fraud and could end up with jail terms and heavy fines. 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.