No, however you would create a real argument should you be injured in someone else's car and tried to look to your carrier for coverage. Which one would want to jump in and pay policy limits voluntarily?
No, but often having two cars carried under the same policy/carrier will often qualify you for a multiple car discount.
Only if the insured car was at fault.
You should double check with your insurance company to see how your policy is written, but usually your insurance would kick in as secondary coverage and you would be covered.
State Farm does provide premium discounts for having multiple cars insured with them. As long as both cars are owned in the same household and both insured with State Farms, great discounts can be obtained.
You can have ins on both car with same ins polictyAnswerYes, You need both cars insured. the vechicle can be added to your policy.
The un-insured driver will have to turn to their health insurance company for coverage if he carried no auto insurance.
It can be said that insurance companies pay for cars after a wreck as long as you are fully insured. But when a person does get money from the insurance company it doesn't mean that they are buying it from you. The car will have to be taken to a car junk yard and you can sell it to them.
Oddly enough, people aren't insured; cars are. Your son doesn't need insurance, but the cars he drives must be insured.
All persons who are going to be driving the "family' vehicles have to be on the policy. Insurance companies have a different criteria for insuring teenage drivers than they do for adults.
Absolutely. It is treated just as another claim, which the Insurance co has to honor.
Yes
My insurance company state farm offer antique cars insurance. Look at your local insurance company and shop arround I have found that progressive all offer insurance for antique cars.
Well you see, it is for this very purpose that car insurance is required by law; it is unfair on the rest of the insured drivers if some drivers are not covered. so, basically, you wouldn't be paid out for damages unless your insurance company or broker covers you for being hit by uninsured drivers.