Anonymous
Anonymous asked in Cars & TransportationInsurance & Registration · 4 months ago

Can 2 owners have 2 insurance policies on the same car?

A car with 2 listed owners. Can each carry a separate insurance on the same car? So if one gets in an accident they can use their own policy.

14 Answers

Relevance
  • May
    Lv 5
    4 months ago

    NO !

    Your question tells us that you don't have even a vague idea of how Automobile insurance works. I won't begin to correct you. Instead, I suggest that you ask a insurance agent to give you a quick "basic insurance 101" lesson.

    Jeez

  • Stasia
    Lv 4
    4 months ago

    That would be ridiculously expensive why not add a naked driver instead. It’s far far cheaper.

  • 4 months ago

    Depends on ACTUAL STATE LAWS. Locally any owner or 'party with interest' can get insurance on car, sometimes driver only insurance /SR22 will be used by driver, cars NOT insured by driver if unowned. Sales contracts not completed are one sort of common double insurance- new not quite owner has insurance so has proof of insurance as required by law, seller/financier has their insurance to Cover their interest and possible liability. 2 owners and maybe they have different insurers for other properties- simple to add vehicle to group policy and then have a proof of insurance in their names so no hassles when police stop for whatever reason- some states have a 'explicit' permission to operate law requiring named on insurance paperwork. Locally a primary insurance and a secondary insurance by different company isn't common but is done for some Uber drivers that need commercial carrier insurance but have a non commercial license plate. Depends on ACTUAL STATE LAW, ACTUAL INSURANCE COMPANIES..

  • 4 months ago

    That would be a huge hell no. And in this case, it doesn't matter where you live. It's a no all the way around.

    Every auto insurance contract in the civilized world has a clause in it that says (in very basic terms) if the vehicle is insured by any other auto policy in any way, this policy covers absolutely nothing. And they're dead serious about that clause.

    Having more than one auto policy on a vehicle is, in most jurisdictions, a form of claims fraud. That's a criminal offence just about everywhere.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    4 months ago

    No, NOT in the US. I have no idea why anyone would say "yes" unless he/she is guessing.

    When a car is in joint names either owner - for insurance purposes - is 100% the owner. There would be no purpose to dual insurance. One policy covers the vehicle and all drivers (who drive with permission and are not excluded from the policy).

    Source(s): adjuster
  • 4 months ago

    In theory yes, but most insurances probably wont do it

  • 4 months ago

    there can be two policies. The insurance companies would split the payments.

  • Anonymous
    4 months ago

    This is a good question for your insurance agent ..

  • Anonymous
    4 months ago

    NOT in the USA. And there would be no point because the rates both pay would go up equally in the event of an accident not just one.

  • Anonymous
    4 months ago

    That would be ridiculously expensive why not add a naked driver instead. It’s far far cheaper.

Still have questions? Get your answers by asking now.