Auto Insurance Policies

Reader’s Question:

I just got married here in Miami Florida. I bought a new vehicle and registered under my wife’s name only. I have my own car as well with my car insurance provider. My spouse’s car insurance provider told her that I need to be under her car insurance policy as well. She was told that it is by law that I am included in her policy. Is that true? Is there any way that we can have separate car insurance policy?

Benny

Miami Florida

 

The law that the car insurance company was probably referring to is that car insurance companies require policyholders to list all licensed household members in the policy otherwise they need to be specifically excluded.

Usually you cannot keep your policy separate. This is car insurance companies’ guidelines. If they are filled that way you have to give the information otherwise the policy may be canceled. You also have the option of contacting your car insurance provider because you may need to add her on your car insurance policy too. If your wife has a claim against them, you and/or your company can be held responsible. This is the reason why insurers want both listed.

It is much cheaper to just get one car insurance policy for both of you than getting separate policy. Generally, a car insurance rate is derived by rating the car to the driver. So, if you have two separate car insurance policies with two drivers and one car for each car insurance policy. You may also be able to take advantage of the multi vehicle discount if you insure more than one vehicle with the same company.