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Thomas Said:

Both me and my sister are new drivers. Would it be cheaper to get joint or separate car insurance policies?

We Answered:

A insurance policy is only for one named person - they can add additional drivers to allow for it to be effectively a joint use policy.

but its NOT a joint policy, if the additional driver after 5 years wants their own vehicle they are NOT entitled to any no claims bonus on many policies as they are not the main insured person.

Some insurance companies like direct line may offer named driver no-claims bonus but you need to go to a BROKER (as hip not on line) and ask about this as this is very important for you both.

That said it would be cheaper for the female the be the named insured with you as additional driver.

other than that its a great idea and a Way of sharing the car and insurance and its costs.

Richard Said:

Can you have more than two car insurance policies in New Jersey?

We Answered:

Yes, but why in the world would you want to?

For your dad's policy, you know his insurance doesn't have to pay out on any car that isn't titled to him, right? And if it IS titled to him, it's HIS car. And if they DO pay out, they pay HIM, not YOU.

BUT, if you want one car on his policy, you can certainly buy your own policy. If you have THREE policies, all in your name, then when you have a claim, all the insurance companies can take a year to fight among themselves, who has to pay what, while you sit there crying that you don't have a check yet.

You can't get double covered. You CAN create a big mess that way. And usually, if you don't do it the right way first, it will come back and bite you in the rear.

Leonard Said:

how many car insurance policies can i have?

We Answered:

The best thing to do is insure the classic on the same policy that you currently have for your other classic vehicle. They will give you a multi car discount on the policy.

Jonathan Said:

Can my car insurance policies go up even if I have not had any tickets, accidents, or claims of any type?

We Answered:

Your car insurance can always go up. Sometimes insurance companies have rate increases. If they are not profitable enough or if they have had a few bad years they may need to increase their rates. Profitable insurance companies make about 5 cents or less for every dollar that you pay... and that's if their profitable. A rate increase would usually affect everyone insured by the company. You should shop around for new home/auto insurance every 3 years. Prices are always changing. Your company may have had the best price a few years ago but that changes.

Also, The cost of cars and car repair is going up, the cost of homes and home repair is going up...Insurance rates will move in the same direction.

Stephanie Said:

Is it possible to be a driver on two different car insurance policies?

We Answered:

Yes, you can. I'm insured on my own car. I'm also insured on the company car that I drive at work.