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 more about car insurance for everyday trips to work. Yes, you can have two different car insurance policies for vehicles, but you'll likely end up paying more money for insurance. You can generally insure 4 to 5 vehicles in your insurance policy if they all stay in the same direction. Not only is filing an insurance claim illegal and constitutes insurance fraud, but you can even be charged with a felony.
In the insurance world, if you have a car accident and file claims with two different insurance companies in an attempt to make an unexpected financial gain, this is known as unfair enrichment. There's no difference in coverage options or what the policy offers, but insurance companies do offer discounts for insuring more than one car. However, you can combine commercial auto insurance policies and personal car insurance policies with the same company for more savings opportunities. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation, or exclusion that is expressly stated in any insurance policy.
Filing two claims with two different insurance companies for a single accident can be considered insurance fraud. With Progressive's Snapshot program, your car insurance rate is based on your driving habits and how you drive. He is licensed as an insurance agent to issue property and accident insurance, including home, life, auto, general and home fire 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.
Car insurance rates can vary from company to company, so even if the multi-car discount is a smaller amount, the overall rate might be better. Conversely, if you eliminate an auto policy midway through and now insure just one vehicle, the discount will decrease.