It is perfectly fine to have two car insurance policies on a single vehicle. However, your current insurance provider may not be prepared to cover the same car twice. You will need to purchase a separate policy from a different insurer and pay for both bills.
This means that you will only be paying for the single car insurance policy. This is usually cheaper but unless you know how to find the best deal, you may need to keep renewing your coverage every year. There are many reasons why you may need to change insurance companies. For example, you may have been involved in an accident and your present company will not pay out as much compensation. They may offer a replacement vehicle as a form of compensation.
Other times, you may want two insurance policies so you can get cover for both your personal vehicle and any other vehicles you may use. In these cases you need to purchase coverage that includes collision, comprehensive, uninsured/underinsured motorists, medical payments coverage and underinsured motorist coverage. Each of these policies comes at different premiums and so you will have to do some comparison shopping to find the right cover at the right price. You can always increase the cover for the other driver if it is worth it.
You can get a lot of information online about the various types of coverage and what insurers consider to be minimal levels of coverage. The Insurance Industry professional association, which represents the majority of the UK insurance companies, has a dedicated webpage that contains an online calculator which allows you to input information about your details and then the calculator will return an insurance quotes for your circumstances. These quotes are usually based on similar geographical areas and periods of time but you should give some thought to the number of years for which you have had insurance. If you are young, female or aged over 55 years old you are more likely to pay a higher premium than someone who is younger, male or over 55 years old.
If you have a separate car insurance policy for yourself and another for a family member, you will have different protection. For example, if you have one vehicle and your teenage son has another, you will have different coverage levels for each. However, if your teenager drives the car and lives at home, you may wish to insure both his and your vehicle under one policy so that in the event of an accident both you and your son will have the same protection. This will mean that if he is involved in an accident, he would have the same cover as you.
Sometimes people purchase more than one type of insurance from the same company. For example they may purchase home insurance with a single provider and then car insurance with a separate provider. By setting up a comparison tool, you will be able to see which company provides the best deal for you. You should keep this in mind when making changes to your personal auto insurance policy as you make them. If you change your address, telephone number or email address you should always let the insurer know to ensure that your new details are taken into account when it comes time to renew your insurance policy.
When it comes to calculating your auto insurance rates, there are several factors that are taken into account. The age of the driver, their driving record and their vehicle type. For example, a four-door sedan is considered to be less risky than a sports car and the driver will have a lower insurance policy because of this. If you want to be seen as a good driver, you should aim to keep your vehicle to a minimum distance from the road and stay away from areas where there is a high volume of driving.
Comprehensive coverage and uninsured motorist coverage are also taken into account. Comprehensive coverage is the cheapest form of insurance but it provides you with complete cover for damage to your vehicle, other vehicles and personal property. Uninsured motorist coverage gives you protection in the event you are at fault but you do not have any insurance for yourself or anyone else involved in the accident. This is the most common type of policy available to consumers.