Yes, you can have two different car insurance policies for vehicles, but you'll likely end up paying more money for insurance. You pay less than you would if you insured each car individually, and you save even more money by combining vehicle insurance with your home insurance or life insurance. It can mean cheaper car insurance because of the multi-car discounts offered by insurance companies when you insure more than one vehicle with the same policy. While there is no established standard, most insurance companies will allow their customers to insure up to 4 drivers and 4 vehicles on a single policy.
Clearcover makes getting an auto insurance quote for multiple cars and adding new vehicles to your existing policy fast and hassle free. You and your spouse decide to share an auto insurance policy for both vehicles in order to benefit from a multi-car discount. A multi-car policy is an auto insurance policy that insures two or more vehicles that are parked in the same direction. You can generally insure 4 to 5 vehicles in your insurance policy if they all stay in the same direction.
Adding a new vehicle is also a good time to look for car insurance quotes and make sure you're getting the best rate. Some insurers go a step further and even offer a multi-vehicle discount to residents of the same address, even if you have separate car insurance policies with them. The number of vehicles allowed under a single car insurance policy will depend on the state in which you live and the rules of your insurance company. Most insurance companies require that you have the same amount of liability insurance and coverage for uninsured drivers for each vehicle, but when it comes to collision, comprehensive and other types of options, the options vary.
Remember that these limits will vary by state and insurance company, so if you want to find out the vehicle limit for your specific policy, check directly with your insurance company or insurance agent.